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Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums supported by improved arb, falling supplies; Europe, US premiums flat in quiet market

Base Metals Market - Wed, 10/16/2019 - 11:20
Shanghai copper premiums were supported by a combination of improved import opportunities and tight supply in the week to Tuesday October 15, while Fastmarkets’ premiums in Europe and the United States were subdued by weak trading activity.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Backwardated LME spreads pressure premiums worldwide

Base Metals Market - Wed, 10/16/2019 - 10:40
Persisting backwardations in London Metal Exchange forward price spreads continued to pressure global aluminium premiums in the week ended Tuesday October 15, with the benchmark duty-unpaid premium in the Dutch port of Rotterdam softening for the third week in a row.
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LIVE FUTURES REPORT 16/10: LME base metals trade capped by US-China trade-talk pessimism

Base Metals Market - Wed, 10/16/2019 - 10:36
The three-month base metals prices traded on the London Metal Exchange were broadly down in the morning session on Wednesday October 16 with the macro-sensitive complex reacting to news of the passing of a US act to support Hong Kong protestors, which is stifling hopes of a trade deal between the country and China.
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MORNING VIEW: LME base metals face headwinds while US-China tensions escalate over Hong Kong

Base Metals Market - Wed, 10/16/2019 - 09:20
Tensions between the United States and China have risen again after the US House of Representatives passed an act to support Hong Kong protestors - this is unlikely to help trade negotiations and therefore is another headwind for the markets.
Categories: Metals Industry News

Widening import losses, production disruptions to push lead concentrate TCs higher, participants say

Base Metals Market - Wed, 10/16/2019 - 08:38
Wider losses on importing refined lead into China and persistent disruptions at smelting hubs in the country are set to support a recent uptrend in treatment charges (TCs) for lead concentrates, delegates attending China International Lead & Zinc Week 2019 in Kunming told Fastmarkets on Tuesday October 15.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/10: SHFE base metals prices broadly higher; copper, zinc under pressure

Base Metals Market - Wed, 10/16/2019 - 05:45
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Wednesday October 16, but gains were fairly limited amid renewed trade uncertainty and concerns over global economic growth.
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HOTTER ON METALS: Copper may face US EV charging infrastructure constraints

Base Metals Market - Wed, 10/16/2019 - 04:15
Electric vehicles (EVs) are forecast to reach cost and functional parity with internal combustion engine (ICE) vehicles by 2025.
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WEEKLY BASE METAL PREMIUMS REPORT: 15/10

Base Metals Market - Tue, 10/15/2019 - 21:06
A summary of base metals premiums from across the globe for the week to Tuesday October 15.
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LIVE FUTURES REPORT 15/10: LME nickel prices ends 2.6% higher but fails to breach $17,000/t

Base Metals Market - Tue, 10/15/2019 - 18:22
Nickel rallied on the London Metal Exchange on Tuesday, with the market seeing the continued decline in exchange stocks as price-supportive, although it failed to close above resistance at $17,000.
Categories: Metals Industry News

PEOPLE MOVES: Edward Meir joins ED&F Man Capital Markets

Base Metals Market - Tue, 10/15/2019 - 16:33
Edward Meir has joined international financial brokerage firm ED&F Man Capital Markets as a senior commodity independent consultant.
Categories: Metals Industry News

Antofagasta averts strike in deal with Los Pelambres copper mine supervisors

Base Metals Market - Tue, 10/15/2019 - 14:35
Supervisors at Antofagasta's Los Pelambres copper mine in Chile will not take industrial action after signing an agreement to increase salaries, the company said on Tuesday October 15.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/10: LME nickel price struggles below $17,000/t despite fresh cancelations

Base Metals Market - Tue, 10/15/2019 - 10:34
Nickel fell in morning trading on the London Metal Exchange on Tuesday October 15, keeping below nearby resistance levels despite stocks falling further to fresh 10-year lows.
Categories: Metals Industry News

MORNING VIEW: LME base metals mainly tread water, while nickel dives

Base Metals Market - Tue, 10/15/2019 - 09:25
With little apparent progress made at last week’s United States-China trade talks and with economic data still generally pointing to weakness, as seen by China’s import and export data at the start of the week, the overall theme across markets seems to be one of more waiting.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: MineHub goes live with platform, focus on trading operations, ESG compliance

Base Metals Market - Tue, 10/15/2019 - 07:20
MineHub Technologies has launched its blockchain technology platform, with the goal of improving efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/10: SHFE base metals prices mostly little changed; nickel drops 2.5%

Base Metals Market - Tue, 10/15/2019 - 05:34
Base metal prices on the Shanghai Futures Exchange gave a subdued performance during morning trading on Tuesday October 15, with the complex largely little changed while market participants continue to digest developments in United States-China trade negotiations.
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IN CASE YOU MISSED IT: 5 key stories from October 14

Base Metals Market - Tue, 10/15/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday October 14 that are worth another look.
Categories: Metals Industry News

Ecuador’s Mirador copper mine limits operations amid unrest

Base Metals Market - Mon, 10/14/2019 - 23:30
Activity at the Mirador copper mine, Ecuador’s first large-scale open pit mining operation, has been temporarily limited as a precautionary measure against social upheaval in the Andean country.
Categories: Metals Industry News

PEOPLE MOVES: Edward Meir joins ED&F Man

Base Metals Market - Mon, 10/14/2019 - 19:20
Edward Meir has joined international financial brokerage firm ED&F Man Capital Markets as a senior base metals consultant.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/10: LME nickel price sinks 4.3%; lead continues downtrend

Base Metals Market - Mon, 10/14/2019 - 18:18
The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Monday October 14, falling by more than 4% over the afternoon against high turnover while the majority of the base metals complex followed that downtrend.
Categories: Metals Industry News

Low-carbon aluminium to award market share gains before higher premiums, CBA says

Base Metals Market - Mon, 10/14/2019 - 18:15
Lower-carbon aluminium may not yet award producers with higher premiums, but it has started making a difference when consumers pick their suppliers, according to a key executive at Companhia Brasileira de Alumínio (CBA).
Categories: Metals Industry News

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