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Metals Industry News

Aurubis’ Hamburg, Pirdrop smelters resume operations; Lünen back next week

Base Metals Market - Thu, 11/29/2018 - 15:26
Aurubis has resumed production at its Hamburg and Pirdrop primary copper smelting plants after both were suspended for unscheduled boiler maintenance earlier this week, the company said on Thursday November 29.
Categories: Metals Industry News

LIVE FUTURES REPORT 29/11: Comex copper dips; markets react to Fed comments

Base Metals Market - Thu, 11/29/2018 - 15:20
Comex copper prices were under pressure on Thursday morning in the US, in the aftermath of US Federal Reserve chairman Jerome Powell's dovish comments made on Wednesday.
Categories: Metals Industry News

Xinfa Group’s Shandong aluminium smelters exempt from Chinese winter restrictions

Base Metals Market - Thu, 11/29/2018 - 13:30
Xinfa Group’s two aluminium smelters in the Chinese province of Shandong have been exempted from this year’s winter production curtailments, according to a document seen by Fastmarkets MB.
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NORTH AMERICAN MORNING BRIEF 29/11: Tharisa hits record chrome production, LME base metals continue recovery; first Q1 MJP offers

Base Metals Market - Thu, 11/29/2018 - 12:00
The latest metal markets news and price moves to start the North American day on Thursday November 29.
Categories: Metals Industry News

LIVE FUTURES REPORT 29/11: Base metals continue recovery; tin up 2.27%

Base Metals Market - Thu, 11/29/2018 - 11:30
Base metal prices on the London Metal Exchange were higher during morning trading on Thursday November 29, with market confidence boosted by US Federal Reserve chairman Jerome Powell saying that the central bank may soon be in a position to pause the interest rate hikes.
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CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP export price slips on cheaper scrap; weak demand pressures domestic China price

Base Metals Market - Thu, 11/29/2018 - 10:50
Key data from the Wednesday November 28 pricing session in Asia.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 29/11: Copper, aluminium, zinc, nickel

Base Metals Market - Thu, 11/29/2018 - 10:00
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday November 29*
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METALS MORNING VIEW 29/11: Metals prices consolidate gains after Fed comments, focus shifts to G20

Base Metals Market - Thu, 11/29/2018 - 09:24
Three-month base metals prices on the London Metal Exchange were being pushed and pulled by cross currents this morning, Thursday November 29. Nickel, lead and tin showed gains averaging 0.4%, while copper, aluminium and zinc were down by an average of 0.4%. Copper was off by 0.4% at $6,230 per tonne.
Categories: Metals Industry News

CHINA NICKEL BRIQUETTE SNAPSHOT: Premium rises on open import window; Chinese yuan discount intensifies

Base Metals Market - Thu, 11/29/2018 - 07:01
Key data from the Tuesday November 27 pricing session in Shanghai.
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EUROPEAN MORNING BRIEF 29/11: SHFE base metals stage broad-based recovery; Potanin allowed appeal against Rusal rival; Alcoa eying alumina greenfield opportunities

Base Metals Market - Thu, 11/29/2018 - 04:50
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Thursday November 29.
Categories: Metals Industry News

LIVE FUTURES REPORT 29/11: SHFE base metals prices rebound on softer dollar; tin continues to weaken

Base Metals Market - Thu, 11/29/2018 - 04:45
Base metals prices on the Shanghai Futures Exchange staged a broad-based recovery during Asian morning trading on Thursday November 29, recovering from the previous day’s weakness on a softer dollar.
Categories: Metals Industry News

Nornickel’s Potanin allowed appeal against Rusal rival

Base Metals Market - Thu, 11/29/2018 - 02:45
The London Court of Appeals has upheld Vladimir Potanin, one of two major shareholders in Nornickel, in his attempt to block the other, Oleg Deripaska, from buying more shares in the giant nickel and palladium producer.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/11: LME prices rally on softer dollar, copper smelter disruptions

Base Metals Market - Wed, 11/28/2018 - 18:50
Base metal prices were resurgent on the London Metal Exchange on Wednesday November 28, with prices for the entire complex closing higher than their Tuesday levels, with the exception of tin.
Categories: Metals Industry News

PEOPLE MOVES: Philipp Schlüter named Trimet CEO, putting owner family back at the helm

Base Metals Market - Wed, 11/28/2018 - 17:36
Philipp Schlüter has become chief executive officer of Trimet Aluminium, the company said on Monday November 26.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Tight supply supports Chinese nickel market; briquette premiums in US, Europe dip

Base Metals Market - Wed, 11/28/2018 - 17:25
Tight supply helped buoy nickel premiums in China although low offers in Europe and the United States pushed briquette premiums down in those regions.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Taiwan, Indian zinc premiums rise on supply tightness; zinc, lead annual talks continue

Base Metals Market - Wed, 11/28/2018 - 15:58
Zinc premiums made gains in the Taiwanese and Indian markets on Tuesday November 27 with residual supply not sufficient to appease demand. Lead markets are focused on annual contracts, with US spot market activity diminished for this reason.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/11: Comex copper price recovers in midweek session

Base Metals Market - Wed, 11/28/2018 - 15:22
The price of copper on the Comex exchange in the United States rebounded in morning trading on Wednesday November 28 ahead of the upcoming meeting in Argentina of leaders from the G20 group of nations.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 28/11: Base metals prices rebound; China Hongqiao Group aluminium production cut started; Iron ore futures mixed

Base Metals Market - Wed, 11/28/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Wednesday November 28.
Categories: Metals Industry News

China Hongqiao ordered to halt up to 550,000t aluminium output under winter cuts policy

Base Metals Market - Wed, 11/28/2018 - 11:30
China Hongqiao Group has started to cut its aluminium production as part of local government winter curtailment orders, according to a document released by the Binzhou government earlier this week.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/11: Base metals attempt recovery, aluminium continues downtrend

Base Metals Market - Wed, 11/28/2018 - 11:25
Base metal prices on the London Metal Exchange rebounded in morning trading on Wednesday November 28 after having suffered heavy losses at the start of the week.
Categories: Metals Industry News

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