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IN CASE YOU MISSED IT: 5 key stories from July 10

Base Metals Market - Thu, 07/11/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday July 10 that are worth another look.
Categories: Metals Industry News

Southern Copper gains Peru project license after 8-yr wait

Base Metals Market - Wed, 07/10/2019 - 19:28
Peru has given Southern Copper the construction authorization it needed for the Tía María copper project to go ahead, the company and the Peruvian authorities said on Tuesday July 9.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/07: LME nickel price closes just shy of $13,000/t

Base Metals Market - Wed, 07/10/2019 - 18:11
Nickel closed around 2% higher on the London Metal Exchange on Wednesday July 10 after peaking at intraday high above $13,000 per tonne, its highest since April.
Categories: Metals Industry News

Bosnia’s 130,000 tpy Aluminij Mostar aluminium smelter shuts down

Base Metals Market - Wed, 07/10/2019 - 17:27
Bosnian aluminium smelter Aluminij Mostar has shut down after years of financial struggle.
Categories: Metals Industry News

GLOBAL TIN WRAP: European market ponders premium downside potential; US, China demand lags

Base Metals Market - Wed, 07/10/2019 - 17:05
Tin premiums in Europe, North America and Asia were stable over the week to Tuesday July 9, with European market participants questioning a further downside move from its lowest level since November 2018, and US and Chinese premiums holding firm against lagging demand.
Categories: Metals Industry News

Central Asia Metals operations on track to meet 2019 production targets

Base Metals Market - Wed, 07/10/2019 - 16:57
Central Asia Metals is well placed to hit its output targets for 2019, after meeting expectations for copper, zinc and lead output in the first half of the year, the company said on Wednesday July 10.
Categories: Metals Industry News

Hudbay appoints ex-Nevsun chief Kukielski interim CEO

Base Metals Market - Wed, 07/10/2019 - 16:06
Copper-zinc miner Hudbay has appointed former Nevsun chief executive Peter Kukielski its interim chief executive officer after longstanding executive Alan Hair stood down from the post.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai bonded copper premiums up as stocks drop 19% June-July

Base Metals Market - Wed, 07/10/2019 - 15:54
Stocks and metal movement were in focus in the copper cathode markets in the week ended Tuesday July 9, causing the Shanghai premium to rise for bonded material.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Brief LME contango raises Northern European zinc premiums

Base Metals Market - Wed, 07/10/2019 - 15:05
Zinc premiums in Northern Europe rose in the week ended Tuesday July 9 after the crippling backwardation in the London Metal Exchange cash/three-month spread narrowed and even flipped into a temporary contango, while Southern European premiums remained flat or lower due to weak regional demand.
Categories: Metals Industry News

China softens tone on metal scrap imports with ‘step-by-step’ ban proposal

Base Metals Market - Wed, 07/10/2019 - 13:09
The Chinese central government has toned down its ambitious plan to ban all solid waste imports, including metal scrap, by the end of 2020 in its recently proposed revisions to the regulation on solid waste management.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices run into dip-buying interest ahead of US Fed chairman testimony

Base Metals Market - Wed, 07/10/2019 - 11:54
Market participants seem to be waiting for something to provide direction and that impetus is likely to come from the testimony of the United States Federal Reserve chairman later today.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Aluminium premiums unchanged in quiet market conditions; market eyes narrowing contango

Base Metals Market - Wed, 07/10/2019 - 11:12
Aluminium premiums were steady across the globe in the week ended Tuesday July 9, but participants are keeping a close eye on the narrowing London Metal Exchange spread, which could put downward pressure on premiums.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/07: LME copper, zinc rebound after Tuesday’s sell-off

Base Metals Market - Wed, 07/10/2019 - 10:06
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Wednesday July 10, with copper and zinc the strongest performers.
Categories: Metals Industry News

China to allow additional 125,000t of copper scrap imports in H2

Base Metals Market - Wed, 07/10/2019 - 09:45
China has announced a second round of copper scrap import quotas allowing a select list of importers to bring an additional 124,500 tonnes of copper scrap into the country during the second half this year, according to a statement on Wednesday July 10.
Categories: Metals Industry News

Glencore’s Koniambo nickel plant reopens after early morning blockade

Base Metals Market - Wed, 07/10/2019 - 09:42
Koniambo Nickel SAS, 49%-owned by commodity firm Glencore, has reopened after being subject to a blockade by protesters at its New Caledonia nickel plant at 3.30am local time on Wednesday July 10.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/07: SHFE base metals prices mixed on dollar strength; copper down on macro uncertainty

Base Metals Market - Wed, 07/10/2019 - 05:05
Base metals prices on the Shanghai Futures Exchange were on divergent paths in morning trading on Wednesday July 10 amid US dollar strength and macroeconomic uncertainties.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 9

Base Metals Market - Wed, 07/10/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday July 9 that are worth another look.
Categories: Metals Industry News

Recylex shares suspended as value soars 40% in two days

Base Metals Market - Tue, 07/09/2019 - 18:57
Trading in the shares of European zinc and lead producer Recylex was suspended on Monday July 8 at the company’s own request, following an “unexplained rally” during the previous two days.
Categories: Metals Industry News

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