You are here

Metals Industry News

FOCUS: Nickel stock shock prompts further calls for transparency

Base Metals Market - Thu, 10/10/2019 - 16:34
The connection between physical demand fundamentals and futures price action has broken, say market participants, pointing to nickel stocks on the London Metal Exchange at an 11-year low and the benchmark cash/three-month spread in a backwardation of over $160 per tonne.
Categories: Metals Industry News

Buenaventura Q3 lead, zinc production falls; full-year guidance cut

Base Metals Market - Thu, 10/10/2019 - 14:32
A summary of Buenaventura’s lead, zinc and copper production results and sales volumes for the third quarter, ended on September 30.
Categories: Metals Industry News

Glasenberg's Glencore stake just shy of top holder Qatar, fresh buyback disclosures show

Base Metals Market - Thu, 10/10/2019 - 13:40
Switzerland-based miner-trader Glencore revealed on Thursday October 10 that chief executive officer Ivan Glasenberg holds an 8.3% shareholding in the company in its first disclosure of his stake since 2013.
Categories: Metals Industry News

PEOPLE MOVES: Cindy Guan joins TradeCloud as marketing executive

Base Metals Market - Thu, 10/10/2019 - 11:00
Cindy Guan has joined TradeCloud as a marketing executive to solidify its presence in China and South Korea, the company said on Monday September 30.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/10: LME nickel price climbs 1.9% amid continued stock drawdown

Base Metals Market - Thu, 10/10/2019 - 10:48
The three-month nickel price on the London Metal Exchange pushed up during morning trading on Thursday October 10, climbing by nearly 2% amid an ongoing drawdown of LME inventories.
Categories: Metals Industry News

Road access to MMG’s Las Bambas copper mine blocked again; production unaffected so far

Base Metals Market - Thu, 10/10/2019 - 10:25
Road access to MMG’s Las Bambas copper mine in Peru has been interrupted since September 22, the company said in a notice to the Hong Kong Exchange on Thursday October 10.
Categories: Metals Industry News

BIR 2019: BMRA on what will happen to UK, EU scrap market in the case of No-Deal Brexit

Base Metals Market - Thu, 10/10/2019 - 09:31
New customs declaration procedures could be put in place by European Union member states if the United Kingdom ultimately leaves the bloc with no agreement in place (a “no-deal Brexit”), an industry association told Fastmarkets this week.
Categories: Metals Industry News

LIVE FUTURES REPORT 10/10: SHFE base metals prices drift ahead of US-China trade talks; Zn rises 0.8%

Base Metals Market - Thu, 10/10/2019 - 05:44
Base metals prices on the Shanghai Futures Exchange exhibited mixed moves but were largely little changed during the morning trading session on Thursday October 10, with market participants digesting conflicting trade headlines.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from October 9

Base Metals Market - Thu, 10/10/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday October 9 that are worth another look.
Categories: Metals Industry News

US stainless scrap market fails to react to nickel stock drop

Base Metals Market - Wed, 10/09/2019 - 20:55
Stainless steel scrap dealers and processors have little optimism that the market in the United States will strengthen any time soon after prices weakened again this week despite an uptick in nickel pricing after exchange stocks dropped by more than 39,000 tonnes.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/10: LME copper price subdued amid thin volumes; nickel spread widens

Base Metals Market - Wed, 10/09/2019 - 18:30
The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday October 9, remaining below the $5,700 per tonne resistance level amid thin volumes, while forward spreads in nickel tightened over the afternoon.
Categories: Metals Industry News

ALUMINA SNAPSHOT: Fob Australia alumina price falls below $280/t to May 2017 low

Base Metals Market - Wed, 10/09/2019 - 17:04
The alumina index on a fob Australia basis is down by 3.4% week on week and below $280 per tonne for the first time since May 2017.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 09/10

Base Metals Market - Wed, 10/09/2019 - 17:02
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 9.
Categories: Metals Industry News

GLOBAL TIN WRAP: US premium climbs amid reduced supply; Europe, Asia markets steady on slow demand

Base Metals Market - Wed, 10/09/2019 - 16:21
The US tin premium experienced an uptick for the first time in six weeks on Tuesday October 8, while Europe and China premiums remained stable.
Categories: Metals Industry News

Blockade ends at Newmont Goldcorp’s Peñasquito lead-zinc mine

Base Metals Market - Wed, 10/09/2019 - 15:15
A blockade that had restricted production and exports of lead and zinc concentrates from Newmont Goldcorp's Peñasquito mine in Mexico has been removed, the company said on Wednesday October 9.
Categories: Metals Industry News

PRICING NOTICE: Proposal to launch equivalent grade copper cathode premium assessment

Base Metals Market - Wed, 10/09/2019 - 14:46
Following a period of market research in the copper cathode market, Fastmarkets proposes to launch fortnightly assessments of equivalent grade (EQ) copper cathode premiums, basis cif Europe and Shanghai.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Premiums pressured lower in US, Europe; China steady due to holiday

Base Metals Market - Wed, 10/09/2019 - 12:37
Nickel premiums fell notably in Europe on weak demand and the London Metal Exchange spread backwardation in the week to Tuesday October 8, while the US nickel cathode premium held steady and the briquette premium fell.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/10: LME base metals price action capped by low volumes; Ni drawdowns continue

Base Metals Market - Wed, 10/09/2019 - 10:20
London Metal Exchange three-month base metals prices were little changed - with the exception of nickel - during morning trading on Wednesday September 9 amid lackluster turnover despite the dollar index trading down 0.11% at 98.98 at the same time.
Categories: Metals Industry News

MORNING VIEW: Base metals prices tread water ahead of US-China trade talks

Base Metals Market - Wed, 10/09/2019 - 09:29
Markets are treading water this morning, Wednesday October 9, ahead of the United States-China trade talks that are being held on Thursday and Friday.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premiums flat amid holiday lull; Europe, US markets stable on soft demand

Base Metals Market - Wed, 10/09/2019 - 07:02
Shanghai copper cathode premiums were unchanged on Tuesday October 8, with trading activity remaining sparse following China’s National Day holiday on October 1-7.
Categories: Metals Industry News

Pages

Subscribe to Allied Metal Group aggregator - Metals Industry News
Site content copyright © The Allied Metal Group, Inc.