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Metals Industry News

BATTERY RAW MATERALS MARKET REPORT 22/05: Chinese cobalt prices, payables continue to firm as supply tightens

Base Metals Market - Fri, 05/22/2020 - 17:13
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RC rise with more smelters buying on spot

Base Metals Market - Fri, 05/22/2020 - 17:13
Fastmarkets’ benchmark copper concentrates treatment and refining charge (TC/RC) index rose on Friday May 22 for first time since the beginning of April after more smelters returned to the spot market this week.
Categories: Metals Industry News

Metal traders take LC 'haircuts' after banks get picky on commodity finance

Base Metals Market - Fri, 05/22/2020 - 16:53
Metals traders have begun to feel the pinch after a turbulent period in commodity markets have caused some banks to step back from fully financing cargoes under letters of credit (LC).
Categories: Metals Industry News

SHFE STOCKS REPORT 22/05: Almost all inventories fall; copper stocks plunge 16%

Base Metals Market - Fri, 05/22/2020 - 15:21
Deliverable stocks of all base metals except lead in Shanghai Futures Exchange-approved warehouses fell in the week to Friday May 22.
Categories: Metals Industry News

Chinese govt should restrict copper smelters’ ‘blind expansion’- Chalco GM

Base Metals Market - Fri, 05/22/2020 - 13:14
Chinese copper smelters have been expanding blindly over the past decade, leading to extreme competition for overseas copper concentrate and placing the industry in a fragile position with regards to procurement, an Aluminum Corp of China (Chalco) official has said.
Categories: Metals Industry News

PRICING NOTICE: Discontinuation of aluminium extrusion, FRP margins, CPC price

Base Metals Market - Fri, 05/22/2020 - 11:43
Fastmarkets has discontinued seven price assessments, comprising aluminium extrusion and flat-rolled product conversion margins, plus calcined petcoke (CPC).
Categories: Metals Industry News

LIVE FUTURES REPORT 22/05: 14kt fresh cancellation keeps LME aluminium above $1,500/t

Base Metals Market - Fri, 05/22/2020 - 10:45
A 14,350-tonne fresh cancellation of aluminium in London Metal Exchange-approved Asian sheds, as of 9am on Friday May 22, kept the metal’s three-month price above the psychological level of $1,500-tonne.
Categories: Metals Industry News

MORNING VIEW: Markets face setback after China flexes muscle over Hong Kong; metals, equities weaker

Base Metals Market - Fri, 05/22/2020 - 08:33
Broad markets were weaker this morning, Friday May 22, led by a 4.8% fall in the Hang Seng; base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were down across the board.
Categories: Metals Industry News

MORNING VIEW: Markets face set-back after China flexes muscle over Hong Kong; metals, equities weaker

Base Metals Market - Fri, 05/22/2020 - 08:33
Broad markets were weaker this morning, Friday May 22, led by a 4.8% fall in the Hang Seng; base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were down across the board.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 21

Base Metals Market - Fri, 05/22/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.
Categories: Metals Industry News

US to keep energy independence in low-carbon world, Enertopia CEO says

Base Metals Market - Thu, 05/21/2020 - 19:35
The United States is uniquely positioned to keep a leadership role in energy independence while it transitions to a low-carbon footprint, the chief executive officer of Enertopia Corp (ENRT) has said.
Categories: Metals Industry News

FOCUS: Rotterdam's rising copper stockpile tells tale of fractured European consumption

Base Metals Market - Thu, 05/21/2020 - 18:28
Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/05: LME zinc price sinks below $2,000; US jobs data disappoints

Base Metals Market - Thu, 05/21/2020 - 17:16
The three-month zinc price on the London Metal Exchange tumbled at the close of trading on Thursday May 21, losing some 3.6% in an afternoon downturn, while a fall in US unemployment claims failed to boost market sentiment.
Categories: Metals Industry News

AT A GLANCE: Brazil's CBA sales volumes up 3.3% in Q1 on upstream growth

Base Metals Market - Thu, 05/21/2020 - 15:10
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) in the first quarter, as reported by parent company Votorantim on Thursday May 21.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/05: LME zinc price slips 1.8% but holds above $2,000/t; fresh 21kt cancelation keeps copper elevated

Base Metals Market - Thu, 05/21/2020 - 11:20
The LME three-month zinc price fell 1.8% on moderately high turnover in morning trading on Thursday May 21, while the fresh cancelation of 21,775 tonnes in LME copper kept the red metal’s outright price elevated.
Categories: Metals Industry News

Booming Chinese smelting pushed world refined zinc market to surplus in Q1 2020 - ILZSG

Base Metals Market - Thu, 05/21/2020 - 10:55
Global refined zinc production exceeded consumption by 240,000 tonnes in January-March this year in large part due to a rise in Chinese smelting of the metal, the International Lead & Zinc Study Group said in its latest market roundup.
Categories: Metals Industry News

PRICING NOTICE: Correction to LME copper, lead cash, 3 month settlement £ per tonne

Base Metals Market - Thu, 05/21/2020 - 09:58
Fastmarkets has corrected the LME copper and lead cash and 3 month settlement £ per tonne prices, which were published incorrectly on Monday May 18 due to an input error.
Categories: Metals Industry News

MORNING VIEW: Base metals prices consolidate recent strength ahead of flash PMI releases

Base Metals Market - Thu, 05/21/2020 - 09:35
Broad markets were weaker this morning, Thursday May 21, this after strong gains in recent days on high hopes that the recovery will gain momentum while economies move out of lockdowns and with ultra-loose monetary policy adding fuel.
Categories: Metals Industry News

Chinese stainless steel prices steady despite soft demand

Base Metals Market - Thu, 05/21/2020 - 05:40
Chinese stainless steel prices were mostly stable over the past week despite sluggish buying interest, sources told Fastmarkets on Wednesday May 20.
Categories: Metals Industry News

GLOBAL TIN WRAP: Asia premiums rise amid lack of supply; lower freight costs pressure US delivered premium

Base Metals Market - Thu, 05/21/2020 - 05:11
Tin premiums in Shanghai and Taiwan rose on Tuesday May 19, reflecting a continued drawdown in regional supply against arbitrage opportunities.
Categories: Metals Industry News

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