Metals Industry News

If Brexit – the departure of the United Kingdom from the European Union on March 29, 2019 – isn’t on your radar, it should be.

Base metals prices on the Shanghai Futures Exchange were mostly higher during Asian morning trading on Tuesday October 9, with investor appetite bolstered by a weaker US dollar.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday October 9.

Fastmarkets MB's bi-weekly Shanghai bonded copper stock assessment scheduled for Monday October 8 will be published on Tuesday October 9 due to delays in gathering assessments as a result of the week-long Chinese Golden Week holiday.

The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Monday October 8, pressured lower by strength in the US dollar while trade tensions continue to deter commodity investment.

Technology is playing a significant role in transforming the way the metals industry develops and operates. And from production through to trading, the question to be answered is how the industry can benefit from the increasing use of technology across the metals value chain.

To mark the start of LME Week 2018, which is being held at various locations across London this week, the London Metal Exchange’s analysis of the base metals market has begun, with an initial focus on zinc and lead.

Comex copper prices was little changed in the US morning on Monday October 8, with the start of LME Week in London diminishing liquidity and market participants expected to be sidelined over the next several days.

Stefan Boel, who left German copper smelter Aurubis in July, has joined the Geneva-based commercial group Industrial Minerals, Fastmarkets learned on Monday October 8.

The London Metal Exchange's position paper on responsible sourcing does not go far enough and its proposals will be ineffective in their current form, according to a campaign leader at Global Witness.

The most constructive supply development for aluminium prices so this year has been the large downgrade in Chinese primary aluminium production, explains Natasha Kaneva, executive director of global commodities research and strategy at JP Morgan.

Base metal prices on the London Metal Exchange were lower across the board during morning trading on Monday October 8, with a strong dollar adding downward pressure to prices and capping recent gains.

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday October 8*

Crypto Commodity Group (CCG) has developed blockchain-based asset tracking and transfer service technology which can be used by all participants in the trade finance business, the company told Fastmarkets MB.

Three-month base metals prices on the London Metal Exchange were for the most part weaker during morning trading on Monday October 8.

Metals demand continues "to look pretty robust" despite a mixed economic backdrop amid rising global trade tensions, Trafigura chief executive officer Jeremy Weir said.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday October 8.

Base metals prices on the Shanghai Futures Exchange were generally down during Asian morning trading on Monday October 8, with the complex coming under pressure from a firmer dollar.

When the London Metal Exchange finished its 12-step warehouse reform package, it proved once more that you cannot please all of the people all of the time.

A new London Metal Exchange warehousing discussion paper that will consider the possibility of rolling back some of the exchange’s reforms is to be prepared and taken to the market in the next few months, people familiar with the situation told Fastmarkets MB.