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Metals Industry News

MINING INDABA: Panasonic eyes upstream investment in battery raw materials

Base Metals Market - Tue, 02/05/2019 - 22:05
Japan’s Panasonic is considering investing in the upstream part of the battery raw materials industry in order to have better oversight of quality, pricing and supply chain responsibility, a company executive said.
Categories: Metals Industry News

Strong demand for aluminium products boosts Novelis' fiscal third-quarter sales

Base Metals Market - Tue, 02/05/2019 - 21:07
Downstream producer Novelis said in its fiscal-year 2019 third-quarter earnings report on Tuesday February 5 that strong demand for aluminium products helped boost sales.
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LIVE FUTURES REPORT 05/02: LME copper price breaches $6,200 per tonne; nickel keeps support

Base Metals Market - Tue, 02/05/2019 - 18:10
Copper’s three-month price on the London Metal Exchange continued its uptrend at the close of trading on Tuesday February 5, with moderate volumes and a surge in the US dollar index doing little to curb the metal’s upward price movement, while the rest of the complex broadly consolidated.
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MINING INDABA: Eskom woes the biggest risk to South African economy, South32 COO says

Base Metals Market - Tue, 02/05/2019 - 17:55
The continuing financial and operational issues at South African power utility Eskom pose the single biggest risk to the country’s economy, according to the chief operating officer of mining company South32.
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PRICING NOTICE: Correction to nickel sulfate China ex-works price publication

Base Metals Market - Tue, 02/05/2019 - 15:40
Fastmarkets has corrected its nickel sulfate min 21%, max: 22.5%; cobalt 10ppm max, China ex-works, yuan/tonne price, which was published incorrectly on February 1.
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PEOPLE MOVES: Metals fund Commodities World Capital hires ex-UBS trader Connors as CEO

Base Metals Market - Tue, 02/05/2019 - 15:22
Base metals trading fund Commodities World Capital has brought in Kevin Connors as its new chief executive officer, it said on Tuesday February 5.
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LIVE FUTURES REPORT 05/02: Comex copper prices rebound during Lunar New Year

Base Metals Market - Tue, 02/05/2019 - 14:42
Comex copper prices in the United States shrugged off earlier losses in morning trading on Tuesday February 5, with the base metals complex temporarily boosted by the lack of Chinese participation while the East Asian country begins its Lunar New Year holiday.
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LIVE FUTURES REPORT 05/02: LME base metals prices consolidate recent gains; nickel keeps above $13,000/t

Base Metals Market - Tue, 02/05/2019 - 11:12
Base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday February 5, with most metals consolidating gains made at Monday’s close while low stocks and a weaker dollar fail to prompt upward price action.
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IN CASE YOU MISSED IT: 5 key stories from February 4

Base Metals Market - Tue, 02/05/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday February 4 that are worth another look.
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MINING INDABA: Innovation, creativity key to Anglo American’s five-year plan, CEO says

Base Metals Market - Mon, 02/04/2019 - 22:53
Innovation to reduce costs, stay relevant and grow, plus creative thinking to replace jobs that will be lost to technology are central drivers of Anglo American’s strategic plan for the next five years, the company's chief executive officer said.
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MINING INDABA: Eskom needs recapitalization to eliminate debt servicing, CEO says

Base Metals Market - Mon, 02/04/2019 - 20:55
The South African government should consider recapitalizing the country’s state-owned power utility, Eskom, as part of a plan to turn it around, the company’s chief executive officer has said.
Categories: Metals Industry News

MINING INDABA: Ford, Huayou Cobalt in blockchain project to monitor DRC cobalt supplies

Base Metals Market - Mon, 02/04/2019 - 19:34
Automaker Ford Motor Co, China's Huayou Cobalt and South Korean battery supplier LG Chem have joined forces in a blockchain project to monitor cobalt supplies from the Democratic Republic of Congo (DRC), an executive at Ford said.
Categories: Metals Industry News

MINING INDABA: Ford eyes EV collaboration, not offtake, mine stakes

Base Metals Market - Mon, 02/04/2019 - 18:20
Automaker Ford Motor Co has no current plans to take stakes in mining assets or secure direct offtake agreements with mining firms in order to produce batteries for electric vehicles, although it hasn’t ruled it out entirely.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/02: LME base metals prices surge; many hit multi-month highs

Base Metals Market - Mon, 02/04/2019 - 18:10
Base metals prices on the London Metal Exchange were predominantly higher at the close on Monday February 4, with nickel, zinc and lead surging while aluminium closed above $1,900 per tonne.
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NEWSBREAK: LME nickel, lead and zinc prices soar as bulls rampage in China’s absence

Base Metals Market - Mon, 02/04/2019 - 17:35
Lead’s three-month price on the London Metal Exchange surged to its highest level since August 2018 during afternoon trading on Monday February 4, breaching the nearby $2,100 per tonne support level while nickel and zinc futures similarly gathered momentum.
Categories: Metals Industry News

NEWSBREAK: LME 3-MONTH LEAD PRICE TRADES AT 6-MTH HIGH OF $2,135.5/T

Base Metals Market - Mon, 02/04/2019 - 16:44
The three-month lead price reached an intraday high of $2,135.50 per tonne this afternoon, while volumes traded in the metal remain moderate at just under 3,500 lots as of 4:44pm London time.
Categories: Metals Industry News

NEWSBREAK: LME 3-MONTH NICKEL PRICE HITS HIGHEST SINCE SEP AT $13,215/T

Base Metals Market - Mon, 02/04/2019 - 16:42
In a continued uptrend, the three-month nickel price is now trading above $13,000 per tonne for the first time since August 2018, and is up just under 24% from the start of the year when nickel futures were trading under $11,000 per tonne.
Categories: Metals Industry News

PRICING NOTICE: Fastmarkets to discontinue European lead premiums on low liquidity, diverse specs

Base Metals Market - Mon, 02/04/2019 - 16:23
Fastmarkets will proceed with the discontinuation of the three European lead premiums from Tuesday February 12 due to a significant lack of spot liquidity and divergent views on the relevance of lead purity in the specifications.
Categories: Metals Industry News

European Al billet premiums fall on Rusal’s return but P1020 moves higher

Base Metals Market - Mon, 02/04/2019 - 16:01
Aluminium billet premiums in Europe are under pressure after US sanctions against Russian producer UC Rusal were removed, yet primary aluminium premiums have moved in the opposite direction.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/02: Comex copper price starts week on downtrend

Base Metals Market - Mon, 02/04/2019 - 15:28
The price for copper in the United States market fell in morning trading on Monday February 4 on a lack of fresh news about the US-China trade war, Fastmarkets heard.
Categories: Metals Industry News

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