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Metals Industry News

EUROPEAN MORNING BRIEF 09/08: Commerce adjusts duty for Chinese aluminium sheet; Aqua Metals optimistic on recycling tech outlook; Trade war risk to US copper 'overblown'

Base Metals Market - Thu, 08/09/2018 - 05:48
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/08: SHFE base metals prices mostly down on stronger US dollar; aluminium bucks trend

Base Metals Market - Thu, 08/09/2018 - 05:06
Base metals prices on the Shanghai Futures Exchange were broadly lower during morning trading on Thursday August 9, although aluminum bucked the trend with a 2.35% gain.
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ASIAN MORNING BRIEF 09/08: Big jump for LME aluminium; Alcoa workers strike in Australia; LME tightens warehousing rules

Base Metals Market - Thu, 08/09/2018 - 00:05
The latest news and price moves to start the Asian day on Thursday August 9.
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Aqua Metals realistic but optimistic on recycling tech outlook

Base Metals Market - Wed, 08/08/2018 - 23:50
There are likely to be challenges in scaling up commercial production of Aqua Metals’ non-polluting electrochemical lead recycling technology, but the company said it remains optimistic.
Categories: Metals Industry News

Trade war risk to US copper totally overblown, Taseko says

Base Metals Market - Wed, 08/08/2018 - 20:48
Canadian copper mining company Taseko Mining believes that concerns about trade disputes affecting mining companies that export to Asia is “totally overblown,” president and chief executive officer Russell Hallbauer said in a conference summarising the company’s April-June financial results on Wednesday August 8.
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Cobalt Blockchain, Traxys Europe agree joint venture in DRC

Base Metals Market - Wed, 08/08/2018 - 20:15
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish a commercial partnership at Traxys’ cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC).
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CCI to exit physical metals trading, refocus on energy

Base Metals Market - Wed, 08/08/2018 - 19:33
Global commodities merchant Castleton Commodities International (CCI) is to exit physical metals trading and reallocate capital to its energy business.
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LIVE FUTURES REPORT 08/08: LME aluminium price rockets 3.2% on Alcoa strike; nickel edges above $14,000/t

Base Metals Market - Wed, 08/08/2018 - 17:55
Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa’s Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment.
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Alcoa workers on strike until Aug 17 in Australia; ali price up 3%

Base Metals Market - Wed, 08/08/2018 - 16:51
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers’ Union (AWU) officials representing the workers.
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Chinese zinc smelters achieve significant hikes for domestic TCs

Base Metals Market - Wed, 08/08/2018 - 16:19
A number of Chinese zinc smelters have managed to introduce long-awaited, and significant, increases to domestic treatment charges (TC) in the first week August.
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LIVE FUTURES REPORT 08/08: Comex copper price inches higher in midweek session

Base Metals Market - Wed, 08/08/2018 - 16:19
Comex copper prices were slightly higher during trading on Wednesday August 8 with the market waiting for further clarity on the trade war front.
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GLENCORE AT A GLANCE: Metals trading profits soar 28% in H1 on volume growth

Base Metals Market - Wed, 08/08/2018 - 15:57
Glencore metal traders banked a record $6 billion in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for the first six months of 2018.
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Autilla receives notice of wind-up petition under corporate insolvency act

Base Metals Market - Wed, 08/08/2018 - 13:40
Fintech firm Autilla has received a High Court notice of a petition to wind up the company under the corporate insolvency act.
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LME tightens warehouse third-party agreements after WWS landlords exercised right to retain metal

Base Metals Market - Wed, 08/08/2018 - 13:18
The London Metal Exchange has undertaken a review of its warehousing network and tightened up rules surrounding third-party landlords following the delisting of warehousing company Worldwide Warehouse Solutions (WWS).
Categories: Metals Industry News

INTL FCStone’s precious metals unit to use blockchain technology for post-trade needs

Base Metals Market - Wed, 08/08/2018 - 13:00
The London-based precious metals division of INTL FCStone is to use blockchain technology developed by Paxos for its post-trade needs, the company said.
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NORTH AMERICAN MORNING BRIEF 08/08: HKEX’s H1 commodities profit down; China’s July iron ore imports up; base metals premiums

Base Metals Market - Wed, 08/08/2018 - 12:30
The latest metal markets news and price moves to start the North American day on Wednesday August 8.
Categories: Metals Industry News

HKEX commodities H118 earnings down 20%, revenue falls 2%

Base Metals Market - Wed, 08/08/2018 - 11:50
The Hong Kong Exchanges’ commodities segment posted a 20% year-on-year decline in its earnings before interest tax depreciation and amortization (Ebitda) to HK$352 million ($44.8 million) in the first half of 2018, due to lower fees and higher operating expenses.
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SHFE vs LME physical arbitrage 08/08: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 08/08/2018 - 11:22
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday August 8*
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GLOBAL ZINC & LEAD WRAP: Persistent backwardation puts a lid on zinc premiums; US sanctions on Iran boost lead premiums in India

Base Metals Market - Wed, 08/08/2018 - 11:17
Zinc premiums across Europe, the United States and Asia were largely steady in the week to Tuesday August 7 after the London Metal Exchange cash/three-month backwardation kept buying appetite low.
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LIVE FUTURES REPORT 08/08: LME base metals firm on weaker US dollar; copper down 0.4%

Base Metals Market - Wed, 08/08/2018 - 11:15
Base metals on the London Metal Exchange were mostly higher during morning trading on Wednesday August 8, supported by strong earnings figures from the United States as well as a slight uptick in the Chinese yuan.
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