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Metals Industry News

GLOBAL ZINC & LEAD WRAP: US lead inquiries pick up; global lead, zinc premiums stable

Base Metals Market - Wed, 05/27/2020 - 12:02
Global zinc and lead premiums were stable in the week to Tuesday May 26, with increased spot inquiries for lead amid battery producer Exide’s bankruptcy failing to translate to higher United States premiums, while demand for zinc in all regions remained lackluster.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/05: LME aluminium holds above $1,500/t despite 19kt fresh inflow

Base Metals Market - Wed, 05/27/2020 - 09:32
The London Metal Exchange three-month aluminium price held above $1,500 per tonne during morning trading on Wednesday May 27, despite a fresh inflow of 19,275 tonnes of material into LME sheds in Malaysia as of 9am.
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MORNING VIEW: Markets mixed; rebound hopes running high, but participants remain nervous about US response to China over Hong Kong

Base Metals Market - Wed, 05/27/2020 - 08:13
Broad markets and the metals were mixed this morning, Wednesday May 27, while participants brace for what United States President Donald Trump’s response will be to China’s plans to impose national security laws in Hong Kong, which he said will be announced by the end of the week.
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GLOBAL ALUMINIUM WRAP: Premiums rise in Europe, China

Base Metals Market - Wed, 05/27/2020 - 05:25
Aluminium premiums in Europe and China rose in the week to Tuesday May 26, while premiums in other regions were flat amid quiet market conditions.
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GLOBAL COPPER WRAP: Southeast Asian premiums resilient despite China drop, European market weighs fall

Base Metals Market - Wed, 05/27/2020 - 04:10
Premiums paid for registered grade A copper cathodes have begun to look shaky, with levels paid for seaborne cargoes on the way to China falling; with Shanghai the only active spot market in recent months it remains to be seen whether other economies can recover from lockdowns and stoke copper demand.
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IN CASE YOU MISSED IT: 5 key stories from May 26

Base Metals Market - Wed, 05/27/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Tuesday May 26 that are worth another look.
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Covid-19 leading to 2020 mined copper output loss of 950,000t, ICSG says

Base Metals Market - Tue, 05/26/2020 - 18:28
The International Copper Study Group (ICSG) has cut its 2020 global mined copper forecast by 950,000 tonnes, equivalent to nearly 4 million tonnes of copper concentrates output, citing the impact of the Covid-19 pandemic.
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LIVE FUTURES REPORT 26/05: China stimulus, European restarts buoy LME base metals

Base Metals Market - Tue, 05/26/2020 - 18:04
LME three-month base metals prices, apart from zinc, closed up on Tuesday May 26, in part driven by the impact of China’s ongoing monetary easing policy and the onset of economic restarts across Europe.
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FOCUS: Aluminium traders shy away from wide open SHFE arbitrage

Base Metals Market - Tue, 05/26/2020 - 15:12
The disconnect between London Metal Exchange and SHFE aluminium prices has opened an arbitrage window to China, but the international aluminium market is wary of taking advantage of it, Fastmarkets understands.
Categories: Metals Industry News

PRICING NOTICE: Reducing the frequency of lead assessments for India, Southeast Asia

Base Metals Market - Tue, 05/26/2020 - 13:42
After a consultation period, which ended on May 21, Fastmarkets is reducing the frequency of its lead premium price assessments for the Indian and Southeast Asian markets.
Categories: Metals Industry News

Vale grants New Century Resources exclusivity in VNC deal

Base Metals Market - Tue, 05/26/2020 - 13:00
Vale Canada has entered into a 60-day exclusivity period with Australian specialist zinc miner New Century Resources to negotiate the sale of a 95% stake in Vale New Caledonia (VNC), Fastmarkets understands.
Categories: Metals Industry News

Triland cancels LME Week party due to Covid-19; LME 'evaluating' all events

Base Metals Market - Tue, 05/26/2020 - 12:40
Triland Metals has canceled its annual party, which was set to take place during LME Week in London on Monday October 19.
Categories: Metals Industry News

WEBINAR: Six key themes in the battery raw material markets

Base Metals Market - Tue, 05/26/2020 - 11:20
From future raw material investments to China’s resurgence in lithium-iron-phosphate (LFP) battery chemistries, Fastmarkets analysts and reporters consider six key discussion points dominating the battery and electric vehicle markets.
Categories: Metals Industry News

LIVE FUTURES REPORT 26/05: LME copper price up 1.5%; 25k inflow of aluminium at Port Klang

Base Metals Market - Tue, 05/26/2020 - 10:18
Three-month base metals prices on the London Metal Exchange were mostly up during morning trading on Tuesday May 26, with copper giving the best performance of the complex in terms of percentage gains.
Categories: Metals Industry News

MORNING VIEW: Strong gains in broader markets show confidence in recovery is improving, but US-China trade dispute affecting metals

Base Metals Market - Tue, 05/26/2020 - 09:12
Broad markets were stronger this morning, Tuesday May 26, with many Asian-Pacific equity indices up by around 2%, while pre-market major western equities were up by around 1% but metals prices were mixed.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 22

Base Metals Market - Mon, 05/25/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Friday May 22 that are worth another look.
Categories: Metals Industry News

Miners, smelters can’t cut corners when curtailing production, former Anglo CEO says

Base Metals Market - Fri, 05/22/2020 - 19:32
Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.
Categories: Metals Industry News

Post-Covid-19 changes likely permanent, former Anglo American CEO says

Base Metals Market - Fri, 05/22/2020 - 19:07
The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.
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ALUMINIUM PREMIUM SNAPSHOT: Rotterdam dp premium jumps 10% in cautiously bullish market

Base Metals Market - Fri, 05/22/2020 - 17:44
Key data from the Friday May 22 pricing session in London.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/05: LME metal price rally trips on underwhelming NPC start

Base Metals Market - Fri, 05/22/2020 - 17:35
LME base metals fell at the final hurdle this week, with prices slumping on Friday May 22 after having been on course for their best performing week of the year.
Categories: Metals Industry News

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