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Metals Industry News

LME off-warrant stocks near 2mln tonnes; aluminium volumes rise 2.3%

Base Metals Market - Thu, 01/14/2021 - 14:13
The London Metal Exchange’s latest off-warrant stock data showed an increase of 3.9% in material held outside the LME warehouse network in November 2020.
Categories: Metals Industry News

Rio Tinto U-turns on Tiwai Point aluminium smelter closure by extending ops to 2024

Base Metals Market - Thu, 01/14/2021 - 10:49
Rio Tinto’s New Zealand Aluminium Smelter (NZAS) in Tiwai Point will continue to operate until December 31, 2024 after reaching an electricity agreement with Meridian Energy, the producer said on Wednesday January 13.
Categories: Metals Industry News

LIVE FUTURES REPORT 14/01: LME zinc falls 1.7%; nickel is sole metal to gain

Base Metals Market - Thu, 01/14/2021 - 09:56
Zinc registered the biggest fall and nickel was the only metal to post gains in the morning session at the London Metal Exchange on Thursday January 14.
Categories: Metals Industry News

MORNING VIEW: Base metals prices looking tired again but potential $2tln relief package might change that

Base Metals Market - Thu, 01/14/2021 - 08:15
The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc.
Categories: Metals Industry News

China’s stainless steel prices rise on steady end-user demand

Base Metals Market - Thu, 01/14/2021 - 05:55
China’s stainless steel prices continued to rise over the week ended Wednesday January 13 amid a positive outlook for end-user demand and a recovery of the nickel market.
Categories: Metals Industry News

HOTTER ON METALS: Funds seek alpha in commodities

Base Metals Market - Thu, 01/14/2021 - 02:25
In an era of historically low interest rates, investors are desperately looking for value.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 13

Base Metals Market - Thu, 01/14/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.
Categories: Metals Industry News

H Kramer snaps up phosphor Cu maker Metallurgical Products

Base Metals Market - Wed, 01/13/2021 - 23:03
Brass and bronze foundry H Kramer & Co has acquired phosphor copper producer Metallurgical Products Company, a source with direct knowledge of the matter confirmed to Fastmarkets on Wednesday January 13.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 13/01

Base Metals Market - Wed, 01/13/2021 - 20:47
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 13.
Categories: Metals Industry News

GLOBAL TIN WRAP: US tin shortages see premiums continue to rise; Europe trade quiet

Base Metals Market - Wed, 01/13/2021 - 19:42
Tin premiums in the United States continued their pronounced rise in the week to Tuesday January 12, with shortages of material in the region driving continued panic-buying, while the metal’s soaring price and tight spreads on the London Metal Exchange limited the spot-market opportunities in Europe.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Southeast Asia premiums remain market high point, EQ levels shift

Base Metals Market - Wed, 01/13/2021 - 18:47
Copper premiums have remained high in Asia but the physical markets in Europe and the United States were sluggish in light of futures prices breaking fresh highs late last week.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/01: LME lead price gains 1.5%; copper closes above $8,000/t

Base Metals Market - Wed, 01/13/2021 - 17:46
The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States.
Categories: Metals Industry News

Cornish Metals to list on AIM, use funds for Cornwall tin-copper project

Base Metals Market - Wed, 01/13/2021 - 16:40
Canada-based miner Cornish Metals intends to float a private placement of new common shares on the Alternative Investment Market (AIM) of the London Stock Exchange in the hope that proceeds from the fundraiser will advance one of its copper-tin projects in the UK, it said on Wednesday January 13.
Categories: Metals Industry News

Falling China aluminium scrap market drags down Asia ADC 12 prices

Base Metals Market - Wed, 01/13/2021 - 15:32
Aluminium alloy ADC 12 prices in China and Japan continued to trend down in the week to Wednesday January 13 on reduced production costs after the price of aluminium scrap - used as a raw material - weakened.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Premiums in US, China turn bullish

Base Metals Market - Wed, 01/13/2021 - 13:29
Nickel premiums in the United States and China rose in the week to Tuesday January 12 on stronger demand for metal in both regions, while premiums in Europe were unchanged.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Premiums down in Europe in looser market; US, Shanghai hold

Base Metals Market - Wed, 01/13/2021 - 13:00
Zinc and lead premiums were mostly unchanged across the globe in the week to Tuesday January 12 despite demand remaining strong in the United States and an open zinc arbitrage in Shanghai, while European premiums were under pressure amid more balanced supply and demand fundamentals.
Categories: Metals Industry News

LIVE FUTURES REPORT 13/01: LME lead, nickel prices edge up; rest of complex trades sideways

Base Metals Market - Wed, 01/13/2021 - 10:04
Lead and nickel’s forward prices had the biggest increases among the London Metals Exchange complex on Wednesday January 13, with the rest of the metals trading sideways amid supportive sentiment from the prospect of a new stimulus package in the United States.
Categories: Metals Industry News

MORNING VIEW: Base metals prices consolidating below highs, above recent dips; all eyes on nickel

Base Metals Market - Wed, 01/13/2021 - 08:53
After strong gains on the London Metal Exchange on Tuesday January 12, when prices closed up with gains averaging 1.8%, prices were for the most part little changed this morning, with nickel the main mover.
Categories: Metals Industry News

2021 PREVIEW: Turbulence in zinc concentrate market set to continue

Base Metals Market - Wed, 01/13/2021 - 08:00
The global zinc concentrates market is volatile and unpredictable at the best of times, but a global pandemic ramped up the turbulence by several notches in 2020.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 12

Base Metals Market - Wed, 01/13/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Tuesday January 12 that are worth another look.
Categories: Metals Industry News

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