Metals Industry News

Aluminium premiums across the globe, barring those in the United States, were unchanged in the week ended Tuesday May 7 amid low liquidity due to holidays across Europe and Asia.

Here are five Fastmarkets MB stories you might have missed on Tuesday May 7 that are worth another look.

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

The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries’ trade impasse was likely.

London Metal Exchange base metals prices failed to rally during the afternoon session on Tuesday May 7, with the furor surrounding fresh trade tension between the United States and China serving only to exacerbate bearish market sentiment.

The United States copper price suffered another bout of selling pressure on Tuesday May 7 morning, with market participants increasingly pessimistic ahead of the Chinese and American trade talks.

Gay Huey Evans will be the first female chairperson of the London Metal Exchange, replacing Brian Bender when he retires at end of the year, Fastmarkets understands.

Gay Huey Evans will be the first female chairperson of the London Metal Exchange, replacing Brian Bender when he retires at end of the year, Fastmarkets understands.

Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday May 7, with investors broadly risk-averse amid renewed trade tensions between the United States and China.

Copper premiums in Shanghai have become less volatile due to there being less financing demand in the market after one of China’s largest copper importers, Tewoo Group, began experiencing liquidity troubles in late March.

Base metals prices on the Shanghai Futures Exchange staged a broad rebound during morning trading on Tuesday May 7, with the market finding relief from news that a Chinese delegation will travel to Washington this week to continue trade talks with the United States.

Here are five Fastmarkets MB stories you might have missed on Monday May 6 that are worth another look.

With LME Asia Week now in full swing, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year’s event: How will aluminium premiums in Japan and South Korea likely fare for the rest of the year?

Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.

Copper stocks in Shanghai-bonded warehouses rose slightly in April compared with March, while muted trading activity last month pushed the bonded warrant premium for the red metal to a 13-month low.

Base metals prices on the Shanghai Futures Exchange were all down heavily during morning trading on Monday May 6, after US President Donald Trump threatened to raise tariffs on $200 billion of Chinese goods because US-China trade negotiations are moving “too slowly”.

Here are five Fastmarkets MB stories you might have missed on Friday May 3 that are worth another look.

Fastmarkets MB proposes to launch a weekly price assessment of South America import aluminium-zinc alloy coated steel coil, reported on a dollar-per-tonne cfr South America basis.

Aluminium’s three-month price on the London Metal Exchange fell over 1% at the close of trading on Friday May 3, with downward pressure emerging amid more than 230,000 tonnes of inflows over the week, while continued US dollar strength deters investors.

An overview of the battery raw materials markets and their price moves.