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Metals Industry News

EUROPEAN NICKEL SNAPSHOT: Premiums surge to multi-year highs on upbeat mood

Base Metals Market - Wed, 11/08/2017 - 17:14
Nickel premiums in Europe are catching up with China, reaching multi-year highs this week on tight supply availability and upbeat sentiment against a backdrop of bullish demand prospects from the electric vehicle (EV) sector.
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LME ADV falls 3.4% in October; huge decline for Al

Base Metals Market - Wed, 11/08/2017 - 16:57
The London Metal Exchange’s average daily volumes (ADV) declined for the first time since June – falling by 3.4% year on year in October, with the ADV for aluminium dropping a substantial 23.5%.
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WEEKLY BASE METALS PREMIUM WRAP 07/11: Chinese copper premiums at 1-year high; European nickel at multi-year peaks; 2018 contracts at forefront

Base Metals Market - Wed, 11/08/2017 - 15:51
Base metal physical premiums mostly remained firm in the week to Tuesday October 7, with the market looking forward and focusing on 2018 annual contracts.
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LIVE FUTURES REPORT 08/11: Comex copper price stages recovery in midweek session

Base Metals Market - Wed, 11/08/2017 - 15:13
Comex copper prices bounced back in the US morning on Wednesday November 8 with market participants keeping prices supported despite a bout of profit-taking in recent sessions.
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COMMENT: Changing settlement structure gives cause for an exchange-traded copper premium contract

Base Metals Market - Wed, 11/08/2017 - 13:10
Copper market participants have been seeking different methods to reduce risks over premiums due to the wide spread between long-term contracts and the annual spot average, initially through floating settlements – now an exchange-traded contract will offer another tool for copper companies to hedge their risks.
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HKEX commodities revenue down in Jan-Sep on drop in LME trading fees

Base Metals Market - Wed, 11/08/2017 - 12:40
Revenue from the commodities business of the Hong Kong Exchanges and Clearing (HKEX) fell by 7% year-on-year to HK$1.096 billion ($140 million) in the year to September on a decline in trading fees at its subsidiary, the London Metal Exchange, according to HKEX’s financial report published on Wednesday November 8.
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NORTH AMERICAN MORNING BRIEF 08/11: Key takeaways from LME Week; US Midwest Al premiums; base metals premiums report

Base Metals Market - Wed, 11/08/2017 - 12:22
The latest metal markets news and price moves to start the North American day on Wednesday November 8.
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ARABAL 2017: Iran to swing to net exporter of aluminium from 2019 – IMIDRO

Base Metals Market - Wed, 11/08/2017 - 12:15
Iran will become a net exporter of aluminium from 2019 and plans to increase its domestic production of the metal over the coming years, Amir Sabbagh of the Iranian Mines & Mining Industries Development & Renovation Organisation (IMIDRO) told delegates here at the Arabal conference in Oman.
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China’s aluminium exports fall 5.4% m-o-m in October

Base Metals Market - Wed, 11/08/2017 - 11:30
China exported 350,000 tonnes of unwrought aluminium and aluminium products in October, 5.4% less than the 370,000 tonnes shipped in the prior month and flat on a yearly basis, according to preliminary Chinese customs data released on Wednesday November 8.
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KOREA ALUMINIUM SNAPSHOT: Premiums supported by bullish outlook, contango in nearby LME spreads

Base Metals Market - Wed, 11/08/2017 - 11:16
Key data from the Tuesday November 7 pricing session in Singapore.
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Tanzania mining companies fear output fall as government enforces reforms

Base Metals Market - Wed, 11/08/2017 - 10:38
Metal ore exploration and production companies are warning Tanzania faces a sharp decline in metal ore output as the government continues to implement stringent laws to regulate the sector.
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LIVE FUTURES REPORT 08/11: LME nickel continues to come under pressure; Al, copper prices little changed

Base Metals Market - Wed, 11/08/2017 - 10:21
Base metals prices on the London Metal Exchange are mostly consolidating in the morning of Wednesday November 8, after prices dipped at yesterday’s close.
Categories: Metals Industry News

FOCUS: Why more Chinese LME-registered cathode brands do not equal more exports

Base Metals Market - Wed, 11/08/2017 - 10:03
The adding of another Chinese copper brand to the London Metal Exchange’s approved list will allow smelters in the country be more flexible with their exports strategies, but this does not necessarily mean exports will rise.
Categories: Metals Industry News

China’s unwrought copper, copper-fabricated imports down 30% m-o-m

Base Metals Market - Wed, 11/08/2017 - 10:00
China’s unwrought copper and copper-fabricated products imports in October were down 30% month-on-month yet 14% higher year-on-year, according to preliminary customs data released on Wednesday November 8.
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SHFE vs LME physical arbitrage 08/11: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 11/08/2017 - 09:32
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 8*
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South Korea's PPS awards zinc tender at increased premium

Base Metals Market - Wed, 11/08/2017 - 09:30
South Korea’s Public Procurement Service (PPS) has awarded a 1,000-tonne zinc tender at a premium of $172 per tonne, higher than the $163.50 premium it awarded for a tender in late September.
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METALS MORNING VIEW 08/11: Base metals under downward pressure as China’s trade data disappoints

Base Metals Market - Wed, 11/08/2017 - 08:50
Base metals traded on the London Metal Exchange remain under downward pressure this morning, Wednesday November 8, posting an average loss of 0.2%.
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MMG opens Dugald River mine

Base Metals Market - Wed, 11/08/2017 - 07:00
MMG has officially opened its Dugald River project, set to be one of the world’s ten largest zinc mines, following first production of finished zinc concentrate from the site, the company announced on Wednesday November 8.
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WEEKLY BASE METAL PREMIUMS REPORT 07/11

Base Metals Market - Wed, 11/08/2017 - 06:00
Metal Bulletin's weekly roundup of the state of base metal premiums on Tuesday November 7.
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EUROPEAN MORNING BRIEF 08/11: SHFE nickel weakens amid profit-taking; Arconic lawsuit; long-term nickel contract premiums on the rise

Base Metals Market - Wed, 11/08/2017 - 05:30
Good morning from Metal Bulletin’s office in Shanghai, bringing the key news and market stories on Wednesday November 8.
Categories: Metals Industry News

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