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Metals Industry News

Nexa Resources posts strong Q4 earnings on higher zinc, copper and lead prices

Base Metals Market - Fri, 02/16/2018 - 21:59
Nexa Resources, formerly Votorantim Metais, reported a strong earnings increase in the fourth quarter of 2017, mostly due to higher zinc, copper and lead prices.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/02: LME Al rallies 2% on US import tariff recommendations; copper hits one-month high

Base Metals Market - Fri, 02/16/2018 - 17:45
The three-month aluminium price rallied 2% to a two-week high on the London Metal Exchange at the close on Friday February 16, with spreads moving into a significant backwardation.
Categories: Metals Industry News

NEWSBREAK: US Commerce dept recommends aluminium import tariffs

Base Metals Market - Fri, 02/16/2018 - 17:42
US Secretary of Commerce Wilbur Ross has recommended a series of import tariffs, in addition to existing duties in place, after compiling a report on the industry.
Categories: Metals Industry News

NON-FERROUS WEEK IN BRIEF: Zinc climbs to multi-year high; appreciating rand drives manganese ore, ferro-chrome prices higher; traders’ worries mount over Reach status after Brexit

Base Metals Market - Fri, 02/16/2018 - 17:35
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Categories: Metals Industry News

Vale’s Q4 nickel output down as company looks to optimize margins

Base Metals Market - Fri, 02/16/2018 - 17:31
Brazilian miner Vale reported lower nickel production in the fourth quarter of 2017, mainly due to a decline in output from its Canadian and Indonesian operations.
Categories: Metals Industry News

Vale reports drop in copper production, sales volumes in Q4

Base Metals Market - Fri, 02/16/2018 - 17:27
Vale’s finished copper production declined 6% year on year in the fourth quarter of 2017 due to lower output from its Canadian operations, the diversified miner said on Friday February 16.
Categories: Metals Industry News

FOCUS: Multi-year high zinc ‘on fire with no sign of stopping’ - sources

Base Metals Market - Fri, 02/16/2018 - 15:58
Zinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/02: Comex copper hits 1-mth high in closing session

Base Metals Market - Fri, 02/16/2018 - 15:45
Comex copper prices were trading at their highest point since mid-January on Friday February 16 morning in the US, with solid US data offsetting a rising dollar.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 16/02: LME base metals at strong highs; IMH delivery to steel market; Recylex’s 2017 revenue up 18%

Base Metals Market - Fri, 02/16/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Friday February 16.
Categories: Metals Industry News

Copper concentrate buying term spread widens on LME contango aiding aggressive trader bids

Base Metals Market - Fri, 02/16/2018 - 12:16
A widening contango in forward price spreads on the London Metal Exchange is contributing to bullish bids on miners’ copper concentrate sales to traders.
Categories: Metals Industry News

Recylex 2017 revenues up 18% on metal price gains; plans new reduction furnace

Base Metals Market - Fri, 02/16/2018 - 11:50
Lead recycler Recylex’s 2017 revenue rose almost one-fifth to €450.3 million ($564.1 million) from a year ago due to soaring lead and zinc prices.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/02: LME base metals steady near multi-high year levels; cancelations swing ali spreads into backwardation

Base Metals Market - Fri, 02/16/2018 - 10:35
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 16 with prices holding firm near fresh 2018 high levels.
Categories: Metals Industry News

METALS MORNING VIEW 16/02: Zinc, nickel prices leading the metals complex high

Base Metals Market - Fri, 02/16/2018 - 09:20
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday.
Categories: Metals Industry News

Copper concentrate TC/RCs decline further as traders bid aggressively for tonnes

Base Metals Market - Thu, 02/15/2018 - 17:49
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally in the first half of February after traders purchased nearby tonnages from mines at increasingly competitive levels and smelters eased off buying ahead of New Year holidays in Asia.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: LME base metals prices stick at high levels; ali falls on more stock increases

Base Metals Market - Thu, 02/15/2018 - 17:31
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday February 15, with only aluminium prices falling.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: Comex copper contract in consolidation mode

Base Metals Market - Thu, 02/15/2018 - 15:20
Comex copper prices failed to maintain momentum in morning trading on Thursday February 15 after hitting a multi-week high earlier in the week, with the complex now in consolidation mode.
Categories: Metals Industry News

Capstone sells Canadian Minto mine for $37mln; eyes long-term growth opportunities

Base Metals Market - Thu, 02/15/2018 - 11:44
Canadian copper producer Capstone has sold its Minto mine for $37.5 million to mining company Pembridge Resources, it said on Wednesday February 14.
Categories: Metals Industry News

South32’s Mozal aluminium sales, production rise in H1 FY2018

Base Metals Market - Thu, 02/15/2018 - 11:30
Australian mining company South32 reported higher aluminium production in the first half of its 2018 financial year to December 31, 2017, coinciding with a period of higher aluminium prices.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/02: LME base metals continue strong performance but volumes thin

Base Metals Market - Thu, 02/15/2018 - 10:26
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Thursday February 15, building on gains registered on Wednesday when the complex moved up by an average of 2.1%.
Categories: Metals Industry News

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