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Metals Industry News

FOCUS: China import activity supports global alumina prices but downtrend on horizon

Base Metals Market - Mon, 10/14/2019 - 16:18
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.
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Nyrstar to mothball Langlois zinc-copper mine this December, opens sale process

Base Metals Market - Mon, 10/14/2019 - 13:28
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.
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LIVE FUTURES REPORT 14/10: LME nickel price drops 1.8% amid tight spreads; lead follows lower

Base Metals Market - Mon, 10/14/2019 - 10:34
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.
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CME Group, Shanghai Gold Exchange launch new gold futures contracts

Base Metals Market - Mon, 10/14/2019 - 10:28
Two new gold futures contracts launched by CME Group and the Shanghai Gold Exchange (SGE) made their debut on Monday October 14.
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MORNING VIEW: LME base metals prices mixed after US-China trade talks make progress but no deal reached

Base Metals Market - Mon, 10/14/2019 - 09:35
The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached.
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LIVE FUTURES REPORT 14/10: SHFE base metals prices mixed; copper up marginally

Base Metals Market - Mon, 10/14/2019 - 05:00
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.
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BIR 2019: BIR president Tom Bird to leave role as Chiho’s COO

Base Metals Market - Mon, 10/14/2019 - 03:57
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.
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IN CASE YOU MISSED IT: 5 key stories from October 11

Base Metals Market - Mon, 10/14/2019 - 00:05
Here are five Fastmarkets MB you might have missed on Friday October 11 that are worth another look.
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BATTERY RAW MATERIALS MARKET REPORT 11/10: Cobalt hydroxide payables edge higher as 2020 supply picture tightens

Base Metals Market - Fri, 10/11/2019 - 17:52
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/10: LME copper ends 0.2% higher despite Las Bambas force majeure, stock drawdowns

Base Metals Market - Fri, 10/11/2019 - 17:28
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.
Categories: Metals Industry News

PRICING NOTICE: Correction to published counterparty indicator of the copper concentrates index

Base Metals Market - Fri, 10/11/2019 - 16:53
Fastmarkets has identified and corrected historical errors where the weekly counterparty indicator was published incorrectly in the copper concentrates newsletter.
Categories: Metals Industry News

SHFE STOCKS REPORT 11/10: Base metals inventories broadly up on post-holiday activity

Base Metals Market - Fri, 10/11/2019 - 14:47
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.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/10: LME aluminium flows in while nickel flows out; price action subdued

Base Metals Market - Fri, 10/11/2019 - 09:53
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.
Categories: Metals Industry News

MORNING VIEW: Some optimism on US-China trade talks provides support, but markets await concrete developments

Base Metals Market - Fri, 10/11/2019 - 09:05
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.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/10: SHFE copper price up 0.5% on fresh optimism over US-China trade talks

Base Metals Market - Fri, 10/11/2019 - 05:50
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.
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IN CASE YOU MISSED IT: 5 key stories from October 10

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

USW members to vote on possible strike at Asarco

Base Metals Market - Thu, 10/10/2019 - 22:12
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.
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LIVE FUTURES REPORT 10/10: LME zinc price nears $2,400 per tonne; copper gathers momentum

Base Metals Market - Thu, 10/10/2019 - 18:00
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.
Categories: Metals Industry News

Vedanta to start four-month shutdown of Skorpion zinc refinery in November

Base Metals Market - Thu, 10/10/2019 - 17:59
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.
Categories: Metals Industry News

Copper cancellations increase queue for metal at Busan, Kaohsiung LME warehouses

Base Metals Market - Thu, 10/10/2019 - 17:48
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.
Categories: Metals Industry News

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