Metals Industry News

Tin premiums in Europe inched up at the low end of the range on Tuesday August 7 with deals reported within the new range, while premiums in the United States and China held steady on abundant supply and sparse spot activity.

Copper cathode premiums in China ticked up in the week to Tuesday August 7, while the European and US markets were flat.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Wednesday August 8.

Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Wednesday August 8, with nickel leading the complex higher for the third consecutive trading day.

Upward corrections of aluminium premiums worldwide have come to a stop - at least temporarily - due to slack demand for spot P1020 and the reintroduction of metal sourced from UC Rusal into company inventories.

The latest news and price moves to start the Asian day on Wednesday August 8.

Some secondary aluminium alloys and smelter-grade scrap prices in the United States have continued to step lower.

The US Midwest aluminium premium has stayed flat to start this week - while sellers attempt to push the premium over 21 cents per lb, buyers are not in need of spot P1020.

A summary of base metals premiums from across the globe for the week to Tuesday August 7.

Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing 1.5% amid a bout of positivity across the commodities landscape.

Comex copper prices recovered Tuesday morning in the US with supply concerns outweighing fears over a global trade war.

The latest metal markets news and price moves to start the North American day on Tuesday August 7.

China’s imposition of a 10% tariff on US lead concentrate imports is likely to pose difficulties for its already beleaguered smelting industry, as well as its intended target, American miners.

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday August 7*

Base metals on the London Metal Exchange pushed higher during morning trading on Tuesday August 7, sustained by a marginal downtick in the dollar while a rebound in Chinese stock markets caused Asian equities to firm.

Following a lackluster start to the trading week, the three-month base metals prices on the London Metal Exchange were mostly stronger on the morning of Tuesday August 7 amid bouts of bargain hunting, with the complex up by an average of 0.3%.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday August 7.

Base metals prices on the Shanghai Futures Exchange were mostly up during morning trading on Tuesday August 7, with nickel outperforming the rest of the complex with a gain of 1.7%.

The latest news and price moves to start the Asian day on Tuesday August 7.

Global aluminium producer Alcoa has filed a number of product exclusion applications with the US Department of Commerce, requesting a one-year exemption from the country’s Section 232 tariffs on imports of certain primary aluminium alloyed slab produced in Canada.