Metals Industry News

Base metals traded on the Shanghai Futures Exchange gave a mixed performance during Asian morning trading on Tuesday November 27, with the complex contending with a firmer dollar index and persistent bearishness stemming from lingering concerns over the United States-China trade spat.

The global market for electric vehicle batteries in 2025 could be 10 times bigger than in 2018, according to a report by Swiss investment bank UBS published last week.

The global market for electric vehicle batteries in 2025 could be ten times bigger than in 2018, according to a report by Swiss investment bank UBS published last week.

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the US dollar index and continued global trade tensions.

Copper prices on New York’s Comex were little changed in morning trading on Monday November 26 amid scant trading activity and few market drivers being apparent ahead of a major trade meeting.

Global aluminium billet premiums have been mostly stable over the past month although the Italian billet premium range widened, reflecting offers there for material with many different origins.

The latest metal markets news and price moves to start the North American day on Monday November 26.

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday November 26, consolidating against broad strength in the US dollar while low stocks and supply disruptions struggle to lift prices.

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday November 26*

The three-month tin price on the London Metal Exchange stood out as the strongest performer among its peers with a gain of 1.2% this morning, Monday November 26. Three-month copper ($6,183 per tonne) and aluminium were up by 0.2%, while the rest were down by 0.3%.

Glencore International has won two public tenders to supply South Korea’s Public Procurement Service (PPS) with 150 tonnes of London Metal Exchange-registered brands of nickel cathode for shipment to Incheon port by February 22, 2019.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday November 26.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday November 26.

Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday November 26 amid the prevailing risk-off sentiment due to simmering United States-China trade tensions and a slight uptick in the dollar index.

Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Friday November 23, with zinc’s three-month price worst hit over the afternoon amid a sharp sell-off across the base metals complex.

Alumina traders in China have responded with skepticism to Qianhai Mercantile Exchange’s (QME) plans to internationalize its yuan-denominated prices and list them on foreign exchanges such as Hong Kong Exchanges & Clearing Market (HKEX), Fastmarkets has learned.

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

Europe’s top copper smelter Aurubis is undecided as to whether it will follow the settlement made by miner Antofagasta and smelter Jiangxi Copper for copper concentrate treatment and refining charges, it said today.

The latest metal markets news and price moves to start the North American day on Friday November 23.

Base metals stocks on Shanghai Futures Exchange were mostly lower week on week on Friday November 23, with zinc leading the descent.