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Metals Industry News

SHFE vs LME physical arbitrage 28/11: Copper, aluminium, zinc, nickel

Base Metals Market - Wed, 11/28/2018 - 10:31
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 28*
Categories: Metals Industry News

OCBC files S$120mln lawsuit against Kyen Resources

Base Metals Market - Wed, 11/28/2018 - 10:25
Singapore-incorporated Oversea-Chinese Banking Corporation (OCBC) has sued Kyen Resources for a total of S$120,011,291 (US$87.2 million) due to the failure of the embattled metals trader to re-pay credit used to fund trading activities.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Arb losses weigh on Shanghai premiums; European premiums flat despite Aurubis outage

Base Metals Market - Wed, 11/28/2018 - 10:00
Shanghai copper premiums continued to soften in the week to Tuesday November 27 after import losses deepened and deterred trading interest this week; meanwhile European and US spot premiums remain stable with market focus on long-term contract discussions.
Categories: Metals Industry News

METALS MORNING VIEW 28/11: Metals prices firmer despite stronger dollar, other headwinds

Base Metals Market - Wed, 11/28/2018 - 09:01
Despite a firmer dollar, the three-month base metals prices on the London Metal Exchange are up across the board by an average of 0.8% this morning, Wednesday November 28. Nickel and tin are the outperformers with gains of 1.4% and 1.1% respectively.
Categories: Metals Industry News

GLOBAL TIN WRAP: Europe premiums rise; Chinese, US rates unchanged

Base Metals Market - Wed, 11/28/2018 - 07:33
Tin premiums in Europe edged higher this past week amid uncertainty over Indonesian supply, while thin spot activity in the United States and a closed import arbitrage window in China kept premiums in those countries unchanged.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 28/11: Al premiums fall in Europe, Asia; Trimet cuts alumina input by 10%; Anglo American raises Cu output guidance

Base Metals Market - Wed, 11/28/2018 - 05:20
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday November 28.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/11: Strong dollar continues to weigh on SHFE base metals prices; nickel bounces

Base Metals Market - Wed, 11/28/2018 - 05:05
Base metals on the Shanghai Futures Exchange continued to be pressured by a strong dollar during Asian morning trading on Wednesday November 28, with limited price movements recorded across most of the complex as a result.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Premiums in Europe and Asia fall ahead of Dec/Jan backwardation

Base Metals Market - Wed, 11/28/2018 - 04:08
The looming backwardation in London Metal Exchange forward spreads in December into January are putting pressure on P1020 alumnium premiums worldwide, with lackluster end-of-year demand also weighing them down.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT 27/11

Base Metals Market - Tue, 11/27/2018 - 22:15
A summary of base metals premiums from across the globe for the week to Tuesday November 27.
Categories: Metals Industry News

FOCUS: Tin market could build on EV boom but price stability is a hurdle

Base Metals Market - Tue, 11/27/2018 - 20:42
The refined tin market, worth around $7.5 billion per year, could be in a position to benefit from a glut of technological applications over the next decade.
Categories: Metals Industry News

Anglo American raises copper output guidance figures until 2020

Base Metals Market - Tue, 11/27/2018 - 18:08
Global miner Anglo American is optimistic about its copper production in Chile for years to come, it said on Tuesday November 27. The company has raised or tightened upward its output guidance figures for the period from now until 2020.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/11: LME tin price hits fresh 2018 low; zinc slides 2.1%

Base Metals Market - Tue, 11/27/2018 - 17:56
Base metals prices on the London Metal Exchange were lower at the close of trading on Tuesday November 27, with tin’s three-month price hitting its lowest point since August 2016 amid strength in the dollar index.
Categories: Metals Industry News

Trimet cuts alumina input by 10% on supply tightness, scrap to replace shortfall

Base Metals Market - Tue, 11/27/2018 - 17:44
A lack of sufficient alumina supply has caused European aluminium producer Trimet to cut alumina input at its plants in Germany and France by 10%, the company told Fastmarkets.
Categories: Metals Industry News

Three Aurubis copper smelters shut for unscheduled maintenance; shares drop

Base Metals Market - Tue, 11/27/2018 - 16:05
Europe's largest copper smelter Aurubis has shut three of its four copper smelters for unplanned maintenance, the company acknowledged today.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/11: Comex copper dips for third consecutive session

Base Metals Market - Tue, 11/27/2018 - 15:35
Comex copper prices remained under-pressure Tuesday morning in the US amid reduced trading activity, a stronger dollar and anticipation over Chinese and US leaders' meeting in Argentina later this week.
Categories: Metals Industry News

BHP discovers new copper mineralization near Olympic Dam

Base Metals Market - Tue, 11/27/2018 - 15:15
BHP has found what it claims is a potential new copper mineralised system near its existing Olympic Dam mine in Australia, it said in a release dated Tuesday November 27.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 27/11: LME zinc falls 2.4%; seaborne coking coal prices dip; Jiangxi environmental inspections begin

Base Metals Market - Tue, 11/27/2018 - 12:45
The latest metal markets news and price moves to start the North American day on Tuesday November 27.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 27/11: Copper, aluminium, zinc, nickel

Base Metals Market - Tue, 11/27/2018 - 11:29
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday November 27*
Categories: Metals Industry News

LIVE FUTURES REPORT 27/11: Dollar strength prompts LME base metals sell-off; zinc falls 2.4%

Base Metals Market - Tue, 11/27/2018 - 10:51
Base metals prices on the London Metal Exchange were all lower during morning trading on Tuesday November 27, with zinc futures worst affected by both a rising dollar and bearish sentiment while investors remain wary of risk.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 27/11: SHFE base metals prices under pressure; EVs to grow battery market tenfold by 2025; SDI to build 3-mln-tpy flat-rolled mill

Base Metals Market - Tue, 11/27/2018 - 04:45
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday November 27.
Categories: Metals Industry News

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