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Metals Industry News

Vale’s nickel output, sales volumes drop in Q1 on refinery maintenances

Base Metals Market - Thu, 05/09/2019 - 05:41
Brazilian diversified miner Vale reported reduced production and sales of nickel in the first quarter of 2019 amid maintenance halts at refineries in China and Japan, as well as a strategic stocking move, the company said on Wednesday May 8.
Categories: Metals Industry News

LIVE FUTURES REPORT 09/05: SHFE nickel price drops 1% while trade concerns continue to cloud sentiment

Base Metals Market - Thu, 05/09/2019 - 05:22
Nickel led the rest of the base metals on the Shanghai Futures Exchange downward during morning trading on Thursday May 9, with rising trade tensions between China and the United States continuing to weigh on the complex.
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Trump sanctions Iranian metal with executive order

Base Metals Market - Thu, 05/09/2019 - 02:55
US President Donald Trump issued an executive order on Wednesday May 8, slapping sanctions on Iran’s aluminium, copper and steel sectors.
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IN CASE YOU MISSED IT: 5 key stories from May 8

Base Metals Market - Thu, 05/09/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday May 8 that are worth another look.
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Some US lead scrap prices decline; market sentiment mixed

Base Metals Market - Wed, 05/08/2019 - 23:00
While spent lead-acid battery and cable lead prices in the United States slipped amid a decline in London Metal Exchange prices and softening demand, market participants shared mixed outlooks, with some anticipating steadiness and others wary of further price declines.
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Codelco's copper output recovers but still down 18% in March

Base Metals Market - Wed, 05/08/2019 - 20:06
Copper output by Chilean state-owned producer Codelco recovered in March 2019 but remained depressed when compared with last year’s figures, national copper commission Cochilco said on Wednesday May 8.
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BASE METALS WARRANT REPORT 08/05

Base Metals Market - Wed, 05/08/2019 - 18:43
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 8.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: European briquette premium drops toward two-year low; US briquette upcharge declines slightly

Base Metals Market - Wed, 05/08/2019 - 18:22
Chinese nickel premiums were unchanged at a 14-month high as of Tuesday May 7, according to Fastmarkets’ latest assessments, in a week of multiple holidays and subdued trading.
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LIVE FUTURES REPORT 08/05: LME zinc price falls 1.8% amid continued inflows

Base Metals Market - Wed, 05/08/2019 - 17:55
The three-month price of zinc on the London Metal Exchange softened by a little less than 2% at the close of trading of Wednesday May 8, with continued inflows of material into LME-registered locations in European putting pressure on prices to move lower.
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GLOBAL ZINC & LEAD WRAP: Europe zinc premiums down on backwardation; India lead premium up

Base Metals Market - Wed, 05/08/2019 - 17:10
Zinc premiums in Europe dropped while the backwardation remained wide this week, while lower lead prices increased spot interest in India and Southeast Asian countries, driving lead premiums higher.
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LME ASIA WEEK 2019: China’s copper demand stable into Q2, market ‘excessively worried’, traders say

Base Metals Market - Wed, 05/08/2019 - 17:03
Major talking points among copper market participants attending the annual LME Asia Week in Hong Kong this week are whether Chinese copper demand for April and May is weaker compared with previous years and when high domestic copper stocks in China will decrease.
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Novelis sales jump 8% in 2019 on higher aluminium prices

Base Metals Market - Wed, 05/08/2019 - 16:59
Downstream aluminium product producer Novelis announced an 8% jump in sales, which it attributed to higher aluminium prices in its 2019 earnings report on Wednesday May 8.
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LIVE FUTURES REPORT 08/05: Comex copper selloff persists in midweek trading

Base Metals Market - Wed, 05/08/2019 - 15:59
The Comex copper price dipped in US morning trading on Wednesday May 8 with lingering fears over the global trade war pressuring metal prices downward.
Categories: Metals Industry News

East Asia stainless steel prices slide on thin trading, LME nickel decline

Base Metals Market - Wed, 05/08/2019 - 14:55
Import prices for stainless steel in East Asia fell over the week ending on May 7 amid a downturn in the London Metal Exchange nickel price and limited buying interest.
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GLOBAL TIN WRAP: US premiums soften but European, Chinese markets steady

Base Metals Market - Wed, 05/08/2019 - 14:21
Tin premiums in the United States softened in the week ended Tuesday May 7 because of a supply surplus in the region, while low liquidity in Europe and China kept rates there flat.
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Q1 commodity volumes down in HKEX quarterly results, revenue improves

Base Metals Market - Wed, 05/08/2019 - 13:47
Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, has reported higher revenues and earnings in its first-quarter results this week, on lower LME volumes and higher operating expenses.
Categories: Metals Industry News

New Norsk Hydro ceo to focus on improving carbon footprint of aluminium business

Base Metals Market - Wed, 05/08/2019 - 12:36
Norsk Hydro will aimto create a more sustainable footprint through the life cycle of its low-carbon aluminium products and solutions, the company's new president and chief executive officer, Hilde Merete Aasheim, said this week.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Global premiums flat amid weakening demand

Base Metals Market - Wed, 05/08/2019 - 11:50
Fastmarkets' global copper premiums held flat on Tuesday May 7 amid a broadly weak buying appetite, while a dip in three-month copper prices on the London Metal Exchange and easing tightness in copper's forward spreads did little to galvanize the stagnant premium levels.
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LIVE FUTURES REPORT 08/05: LME base metals hold amid US-Sino trade tension; Al ignores Asian inflows

Base Metals Market - Wed, 05/08/2019 - 10:00
Base metals traded on the London Metal Exchange held their relative positions in the morning session on Wednesday May 8, having seemingly absorbed the shock of the previous day’s trade-war negativity.
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LIVE FUTURES REPORT 08/05: Trade concerns sink SHFE base metals prices; zinc drops 0.9%

Base Metals Market - Wed, 05/08/2019 - 05:00
There was broad weakness across the base metals traded on the Shanghai Futures Exchange during morning trading on Wednesday May 8, with growing trade concerns denting market sentiment and triggering a wave of selling.
Categories: Metals Industry News

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