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Metals Industry News

PRICING NOTICE: Proposal to amend Fastmarkets’ LME warrant premiums coverage

Base Metals Market - Thu, 02/07/2019 - 15:54
Fastmarkets is proposing to amend its weekly London Metal Exchange warrant premiums coverage across the entire base metals asset class.
Categories: Metals Industry News

Hydro Q4 earnings down significantly due to Alunorte curtailment

Base Metals Market - Thu, 02/07/2019 - 10:26
Producer Norsk Hydro's underlying operating profit dropped almost 85% in the fourth quarter due to the effects of its production curtailment at its Brazilian alumina refinery, Alunorte.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/02: LME base metals continue corrective downtrend; copper supported above $6,200/t

Base Metals Market - Thu, 02/07/2019 - 10:25
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 7, with nickel, zinc and lead futures continuing their broad correction amid a strong US dollar index and dwindling risk appetite.
Categories: Metals Industry News

East Asian stainless steel prices maintain uptrend on nickel gains

Base Metals Market - Thu, 02/07/2019 - 07:32
Import prices for stainless steel in East Asia continued to edge up over the past week, with mills raising their offers further amid costlier nickel, although trading activity was still thin due to the Lunar New Year holidays.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 6

Base Metals Market - Thu, 02/07/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday February 6 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/02: LME copper price continues to rise; three-month tin over $21,000

Base Metals Market - Wed, 02/06/2019 - 18:15
Copper’s three-month price on the London Metal Exchange continued on an upward trend at the close of trading on Wednesday February 6, maintaining its strong advance toward a price of $6,300 per tonne amid low liquidity because of a national holiday in China.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Market favors US cut-cathodes, Europe briquettes; premiums respond accordingly

Base Metals Market - Wed, 02/06/2019 - 17:15
US market participants eyed premium increases on nickel cut-cathodes after local supply ran short in the week to Tuesday February 5, while European demand was focused on briquettes, boosting premiums by 4% at the midpoint of Fastmarkets’ range.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Global markets quiet amid surge in LME prices

Base Metals Market - Wed, 02/06/2019 - 16:26
Zinc and lead premiums in all regions were unchanged over the past week while Chinese participants were sidelined due to the Lunar New Year (February 4-10).
Categories: Metals Industry News

GLOBAL TIN WRAP: Premiums flat amid thin trade in US, Europe

Base Metals Market - Wed, 02/06/2019 - 15:52
Tin premiums in the United States were unchanged in the week to Tuesday February 5 amid thin trade and competition from secondary tin sources.
Categories: Metals Industry News

MINING INDABA: Streaming trends show growth, not balance sheet repair - Wheaton

Base Metals Market - Wed, 02/06/2019 - 15:21
Mining companies are increasingly using streaming deals for growth rather than to repair balance sheets, the chief executive officer of the world’s largest precious metals streaming company said.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/02: Comex copper price rally builds momentum in midweek trading

Base Metals Market - Wed, 02/06/2019 - 14:51
The US copper market saw continued buying strength in morning trading on Wednesday February 6 with industry participants awaiting upcoming global trade talks.
Categories: Metals Industry News

MINING INDABA: Miners move closer to resolving DRC mining code disputes

Base Metals Market - Wed, 02/06/2019 - 13:30
International mining companies that oppose the new mining code in the Democratic Republic of Congo (DRC) are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, according to the chief executive officer of Canadian miner Barrick.
Categories: Metals Industry News

Aurubis seeks ‘strategic alternatives’ after EC vetoes rolled-copper business sale to Wieland

Base Metals Market - Wed, 02/06/2019 - 12:49
Aurubis AG is searching for strategic alternatives for its flat-rolled product business after the proposed sale of the division to peer Wieland Werke was rejected by the European Commission (EC), the German copper producer said on Wednesday February 6.
Categories: Metals Industry News

ALUMINIUM ARB INDICATOR: Import window widens slightly on falling LME Al price, freight rates

Base Metals Market - Wed, 02/06/2019 - 12:19
The aluminium import arbitrage between the United States and Asia widened slightly in January due to lower London Metal Exchange prices and cheaper freight and barge rates.
Categories: Metals Industry News

MINING INDABA: Ma’aden to seek opportunities in copper outside Saudi Arabia

Base Metals Market - Wed, 02/06/2019 - 11:18
Saudi Arabia’s Ma’aden is planning to look outside of the country for opportunities in copper and other base metals including zinc, the company’s chief executive officer said.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/02: LME base metals prices maintain support against dollar strength; copper holds above $6,200/t

Base Metals Market - Wed, 02/06/2019 - 10:54
Base metals prices on the London Metal Exchange continued to be supported during morning trading on Wednesday February 6, with recent buying continuing despite a continued draw on LME stocks, fresh cancelations and broad strength in the dollar index.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums firm, other global markets flat

Base Metals Market - Wed, 02/06/2019 - 09:13
Premiums for copper cathodes moved up in Shanghai with buying evident ahead of this week’s Lunar New Year holidays. Elsewhere, US and European spot premiums are unchanged, although demand is strong in North America.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Steady contango supports US, Asia, Europe aluminium premiums

Base Metals Market - Wed, 02/06/2019 - 02:14
Aluminium premiums in Asia, Europe and the United States found support on the back of a firm contango in London Metal Exchange spreads on Tuesday February 5.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 5

Base Metals Market - Wed, 02/06/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday February 5 that are worth another look.
Categories: Metals Industry News

MINING INDABA: Honda to electrify two-thirds of vehicles by 2030, exec says

Base Metals Market - Tue, 02/05/2019 - 22:37
Honda Motor Co Ltd aims to electrify around two-thirds of the vehicles it produces by 2030, an executive at the Japanese automaker said.
Categories: Metals Industry News

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