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Metals Industry News

INTERVIEW: ‘ONI is utilizing big data to drive improvements,’ Head says

Base Metals Market - Mon, 01/18/2021 - 12:50
Holman Head retired from his role as president and chief operating officer of O’Neal Industries (ONI) at the end of September. He recalls the substantial growth of the business during his 40-year career with the company and discusses likely future trends with Fastmarkets’ Bette Kovach.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/01: Mixed start to the week for LME base metals

Base Metals Market - Mon, 01/18/2021 - 10:11
LME base metals prices had a mixed start on the morning of January 18, despite positive economic data coming out of China, with copper and nickel rising but zinc falling, capped by a high US Dollar Index.
Categories: Metals Industry News

MORNING VIEW: Base metals prices supported by strong data out of China

Base Metals Market - Mon, 01/18/2021 - 09:31
The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 15

Base Metals Market - Mon, 01/18/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.
Categories: Metals Industry News

ALUMINIUM BILLET WRAP: Billet premiums highest since 2019 on low availability

Base Metals Market - Fri, 01/15/2021 - 20:27
Most global aluminium billet premiums hit their highest levels since 2019 in the week to Friday January 15, with market participants seeing a lack of availability of products across various regions.
Categories: Metals Industry News

NEW ENERGY MATERIALS MARKET REPORT 15/01: Chinese domestic lithium chemical prices higher, tightening supply

Base Metals Market - Fri, 01/15/2021 - 19:35
An overview of the new energy materials markets and their price moves from the past week.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/01: Zinc falls 2%; Copper drops below $8,000/t

Base Metals Market - Fri, 01/15/2021 - 17:53
The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs stay low, smelters snap up spot tonnes

Base Metals Market - Fri, 01/15/2021 - 17:20
Copper concentrate TC/RCs remained at low levels as of January 15, with smelters in China continuing to purchase available spot cargoes when offered, sources told Fastmarkets.
Categories: Metals Industry News

Trevali to restart Caribou mine on improved zinc pricing

Base Metals Market - Fri, 01/15/2021 - 16:40
Zinc producer Trevali will restart its mothballed Caribou mine in the Canadian province of New Brunswick after implementing “operational and commercial enhancements,” the company has announced.
Categories: Metals Industry News

Zero-carbon beer cans to hit shelves in Rio Tinto, AB InBev pilot

Base Metals Market - Fri, 01/15/2021 - 16:30
Beer cans made from low-carbon aluminium supplied by Rio Tinto are set to hit the shelves in the coming months as a partnership with brewer Anheuser-Busch InBev (AB InBev) enters its pilot phase.
Categories: Metals Industry News

Annual zinc premiums for Europe fall on wavering demand, weaker dollar

Base Metals Market - Fri, 01/15/2021 - 12:24
Annual zinc ingot supply contracts in Northern Europe and Italy have been negotiated for 2021 at markedly lower premiums than in previous years.
Categories: Metals Industry News

SHFE STOCKS REPORT 15/01: Most base metals inventories fall; zinc up 23.3%

Base Metals Market - Fri, 01/15/2021 - 12:21
Most base metals recorded a decrease in inventory levels in Shanghai Futures Exchange-registered warehouses in the week to Friday January 15, with the exception of zinc and aluminium.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/01: Zinc, nickel down by 1.4%; Cu below $8,000/t again

Base Metals Market - Fri, 01/15/2021 - 10:16
The London Metal Exchange base metals failed to hold on to the excitement from US President-elect Joe Biden’s speech overnight, with zinc and nickel the hardest hit and copper once again falling below $8,000 per tonne on Friday January 15 and most of complex trading in negative territory.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices mainly weaker as rallies tire

Base Metals Market - Fri, 01/15/2021 - 08:36
The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals.
Categories: Metals Industry News

CHINA AUTO: Output, sales rise in December but both down 2% in 2020

Base Metals Market - Fri, 01/15/2021 - 03:31
Chinese automotive output and sales dipped by just 2% in 2020 from a year earlier after a sustained recovery in the second half of the year. Continuous year-on-year growth in December in both sales and output continued to provide support to upstream raw material prices.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 14

Base Metals Market - Fri, 01/15/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.
Categories: Metals Industry News

US copper scrap discounts rise on Comex strength

Base Metals Market - Thu, 01/14/2021 - 23:29
Copper scrap discounts in the United States rose this week in response to the strong Comex copper price, along with slowing demand as some mills finished purchasing scrap metal for the month.
Categories: Metals Industry News

Rio Tinto to become major scandium oxide producer in Québec

Base Metals Market - Thu, 01/14/2021 - 20:28
Rio Tinto is to become the first producer of high-quality scandium oxide in North America and will produce around one-fifth of the current level of world supply from a planned plant in Québec, Canada.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/01: LME nickel price rallies 3% on Biden stimulus speech expectations

Base Metals Market - Thu, 01/14/2021 - 17:49
The London Metal Exchange three-month nickel price rallied over 3% in the second half of the day on Thursday January 14 on building expectations for President-elect Joe Biden to announce a $1.5 trillion deal stimulus package for the United States.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: Nornickel to join responsible sourcing blockchain network

Base Metals Market - Thu, 01/14/2021 - 15:50
Russian mining company Nornickel is to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration across the minerals supply chain that uses blockchain to support responsible sourcing and production practises from mine to market.
Categories: Metals Industry News

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