Metals Industry News

There has been a significant rise in the number of Western Australian alumina cargoes imported into China over the past few weeks due to a widening arbitrage that has made it profitable to bring overseas material into the country.

Nyrstar will shut its Langlois zinc and copper mine in Quebec, Canada, in December and has opened discussions with interested parties to sell it, the company said on Monday October 14.

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday October 14, failing to hold on to last week’s gains despite a continued draw on LME stocks.

Two new gold futures contracts launched by CME Group and the Shanghai Gold Exchange (SGE) made their debut on Monday October 14.

The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached.

Base metal prices on the Shanghai Futures Exchange were mixed during morning trading on Monday October 14, with the complex largely shrugging off news of a “partial” trade deal being struck between the United States and China at the end of last week.

Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.

Here are five Fastmarkets MB you might have missed on Friday October 11 that are worth another look.

An overview of the battery raw materials markets and their latest price moves.

Copper closed only slightly higher on Friday on the London Metal Exchange despite price-supportive news of force majeure being declared at the Las Bambas copper mine in Peru.

Fastmarkets has identified and corrected historical errors where the weekly counterparty indicator was published incorrectly in the copper concentrates newsletter.

All base metal stocks in Shanghai Futures Exchange-approved warehouses, except tin, rose in the week to Friday October 11, after trading activity resumed following the end of the week-long Golden Week holiday in China.

Base metals prices on the London Metal Exchange were largely subdued with trading volumes low in the morning session on Friday November 11 while the metals market absorbs some of the previous day’s United States-China trade deal optimism.

There is some cautious optimism over United States-China trade negotiations after US President Donald Trump described the talks as “very, very good” and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11.

Copper prices on the Shanghai Futures Exchange were up during the morning trading session on Friday October 11 following positive developments in trade negotiations between the United States and China overnight.

Here are five Fastmarkets MB stories you might have missed on Thursday October 10 that are worth another look.

Workers at Asarco’s copper mines and processing facilities in Arizona and Texas may vote to go on strike due to disagreements over the renewal of work contracts, a United Steelworkers (USW) union representative confirmed to Fastmarkets.

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Thursday October 10, nearing the $2,400 per tonne resistance level against a continued drawdown of LME stocks, while copper breached nearby resistance amid moderate turnover.

Vedanta's Skorpion zinc refinery will shut for four months from November due to a lack of local concentrate feed, the company told Fastmarkets on Thursday October 10.

The queue to remove metal from London Metal Exchange-approved warehouses operated by H&M Metal in Busan, South Korea rose to 30 days at the end of September, according to the latest LME data.