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Metals Industry News

PEOPLE MOVES: Aluminium executive Schridde joins Skyadvisory

Base Metals Market - Tue, 07/09/2019 - 18:55
Former Rusal and Aludium executive Ulrich Schridde has joined Skyadvisory as associate partner this month, the Switzerland-based consultancy announced on Tuesday July 9.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/07: LME base metals drift on stronger dollar; Cu down 1.5% on sharp sell-off

Base Metals Market - Tue, 07/09/2019 - 17:49
Base metals prices on the London Metal Exchange were mostly directionless in afternoon trading on July 9 due to a stronger dollar index, up 0.13 to 97.50.
Categories: Metals Industry News

Nyrstar delays Port Pirie restart for further two weeks

Base Metals Market - Tue, 07/09/2019 - 17:40
Nystar has confirmed that a production outage at its Port Pirie lead smelter in Australia is now expected to continue until the last week of July 2019 instead of the second week of the same month, as it had previously estimated.
Categories: Metals Industry News

FOCUS: Copper smelter margins eroded by declining TC/RCs, product prices

Base Metals Market - Tue, 07/09/2019 - 16:06
Sinking product prices across the copper value chain are eroding processing margins for custom copper smelters, causing uncertainty as well as driving investments and consolidation in the industry.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/07: LME base metals prices consolidate in mixed morning session; zinc continues sell-off

Base Metals Market - Tue, 07/09/2019 - 10:30
Base metals prices on the London Metal Exchange were broadly rangebound during morning trading on Tuesday July 9, with a steady appreciation of the US dollar index capping commodity investment.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices under selling pressure; larger US Fed rate cut in limbo

Base Metals Market - Tue, 07/09/2019 - 09:31
Base metals prices were generally lower in the early trading hours of Tuesday July 9, amid concerns over the prolonged US-China trade dispute, geopolitical tensions in the Middle East, the continued sell-off in major equity indices and persistently weak economic data.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/07: SHFE base metals prices broadly lower on dollar strength; nickel bucks trend

Base Metals Market - Tue, 07/09/2019 - 04:32
Base metals prices on the Shanghai Futures Exchange were mostly down during morning trading on Tuesday July 9 amid risk-off sentiment and US dollar strength.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 8

Base Metals Market - Tue, 07/09/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Monday July 8 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/07: LME nickel price defies stronger dollar to climb 2%

Base Metals Market - Mon, 07/08/2019 - 18:09
The London Metal Exchange nickel three-month price was the biggest beneficiary in an otherwise subdued 5pm ring close on Monday July 8, trading up 2% to close at $12,720 per tonne.
Categories: Metals Industry News

Rio Tinto’s chief exec to open LME Metals Seminar

Base Metals Market - Mon, 07/08/2019 - 17:54
The London Metal Exchange announced Jean-Sébastien Jacques, chief executive of Rio Tinto, as the keynote speaker for this year’s LME metals seminar in October.
Categories: Metals Industry News

FOCUS: Will Chinese trend of falling copper cathode, rising concentrate imports continue?

Base Metals Market - Mon, 07/08/2019 - 15:13
More copper units are entering China via the form of concentrates and scrap to match the country’s ambitious smelting expansion plans, raising the possibility - albeit distant - that the world’s biggest copper importer will eventually stop buying refined copper from overseas.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/07: LME base metals up on weaker dollar; zinc down 0.4%

Base Metals Market - Mon, 07/08/2019 - 11:40
Base metals traded on the London Metal Exchange broadly increased due to a weaker US dollar index, which was down 0.08 to 97.17 during the morning session on Monday July 8.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 05/07: Cobalt metal prices slip to 32-month low

Base Metals Market - Mon, 07/08/2019 - 11:23
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

MORNING VIEW: Relief buying in LME base metals amid softer dollar

Base Metals Market - Mon, 07/08/2019 - 09:35
Although the softer dollar index has provided a conducive backdrop for risk sentiment, there is still an air of caution amid the simmering geo-political tensions in the Middle East.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/07: SHFE base metals prices broadly up on promising macro-economic news

Base Metals Market - Mon, 07/08/2019 - 04:15
Base metals prices on the Shanghai Futures Exchange were mostly up during morning trading on Monday July 8 after the release of better-than-expected US non-farm payroll numbers last week and amid anticipation that the US Federal Reserve will cut interest rates.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from July 5

Base Metals Market - Mon, 07/08/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday July 5 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/07: LME base metals prices largely drift lower after US data disappoints

Base Metals Market - Fri, 07/05/2019 - 17:55
Base metals other than nickel closer lower on the London Metal Exchange on Friday July 5 in thin volumes after the release of weak macroeconomic data from the United States.
Categories: Metals Industry News

ALUMINIUM BILLET WRAP: Demand weak across markets; premiums flat to lower

Base Metals Market - Fri, 07/05/2019 - 17:38
Aluminium billet premiums were flat to lower on Friday July 5 amid weak demand, with the premium in Italy falling for a third straight week and the upcharge in the US Midwest making its first move in eight weeks.
Categories: Metals Industry News

Alcoa signs conditional agreement with Swiss private equity firm to sell La Coruña and Avilés [UPDATED]

Base Metals Market - Fri, 07/05/2019 - 14:52
Alcoa has signed a conditional share purchase agreement with Swiss private equity firm Parter Capital Group AG for the firm to acquire Alcoa’s La Coruña and Avilés smelters in Spain, the aluminium producer said on Friday July 5.
Categories: Metals Industry News

SHFE STOCKS REPORT 05/07: Lead stocks jump by 4% on weak lead-acid battery sector demand

Base Metals Market - Fri, 07/05/2019 - 14:05
Lead inventory on the Shanghai Futures Exchange increased by 4% week on week as of Friday July 5 amid weak domestic consumption in China.
Categories: Metals Industry News

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