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Metals Industry News

LME approves Category II membership resignation of GH Financials

Base Metals Market - Mon, 02/04/2019 - 13:53
The London Metal Exchange has approved the Category II membership resignation of independent clearing firm GH Financials Ltd with effect from 11:59pm London time on Monday February 4, the exchange said in a note to members.
Categories: Metals Industry News

PEOPLE MOVES: Nizi International’s Rainer Herforth steps down

Base Metals Market - Mon, 02/04/2019 - 11:33
Rainer Herforth has left Nizi International after 17 years with the commodity trader, Fastmarkets has learned.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/02: LME base metals lackluster in absence of Asian trading; nickel price holds above $12,700/t

Base Metals Market - Mon, 02/04/2019 - 10:57
Base metals prices on the London Metal Exchange were mostly lower during low-volume morning trading on Monday February 4, shrugging off the downward trend in LME inventories.
Categories: Metals Industry News

Nyrstar unlikely to have made a profit in Q4 2018, company warns on liquidity

Base Metals Market - Mon, 02/04/2019 - 10:26
Nyrstar is unlikely to have made a profit in the fourth quarter last year, according to details released by the company on Friday February 1.
Categories: Metals Industry News

METALS MORNING VIEW 04/02: Metals well placed to extend higher

Base Metals Market - Mon, 02/04/2019 - 08:22
Three-month base metals prices on the London Metal Exchange were mixed this morning, Monday February 4, with copper down by 0.4% at $6,116 per tonne and zinc leading on the upside with a 0.6% gain. Aluminium, nickel and lead were all up by 0.2% and tin was little changed.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from February 1

Base Metals Market - Mon, 02/04/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday February 1 that are worth another look.
Categories: Metals Industry News

Copper TC/RCs down again in late Jan due to pre-holiday Chinese purchases, tighter outlook

Base Metals Market - Fri, 02/01/2019 - 21:45
Copper concentrate treatment and refining charges (TC/RCs) dropped further at the end of January, with smelters in China breaking away from the quarterly procurement price floor amid an outlook for a tightening in supply later this year.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 01/02: Cobalt sulfate holds premium after metal plummets in January

Base Metals Market - Fri, 02/01/2019 - 18:58
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/02: LME base metals prices end week higher in mixed trading; Al holds below $1,900/t

Base Metals Market - Fri, 02/01/2019 - 18:16
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday February 1, with most futures prices ending the week higher amid continued weakness in the US dollar index and LME stock drawdowns.
Categories: Metals Industry News

LME outlines terms of electronic nickel trial; introduces TAS functionality

Base Metals Market - Fri, 02/01/2019 - 17:27
The London Metal Exchange has outlined the terms in which it will conduct its electronic price discovery trial of nickel, introducing a trade-at-settlement (TAS) functionality and setting out a scheduled start date of March 18, the exchange said in a notice to members on Friday February 1.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/02: Comex copper price dips in final session

Base Metals Market - Fri, 02/01/2019 - 16:18
The price of copper on the Comex exchange in the United States edged lower in the final session of trading on Friday February 1, with the market awaiting further news on US-China trade talks.
Categories: Metals Industry News

First Quantum resumes copper output at Las Cruces mill

Base Metals Market - Fri, 02/01/2019 - 14:10
First Quantum Minerals has resumed copper production at its Las Cruces mill in Spain after a land slippage last week, by processing lower-grade stockpiled ore.
Categories: Metals Industry News

Chile's Codelco reaches labor agreement with two mining divisions

Base Metals Market - Fri, 02/01/2019 - 13:44
Chilean copper producer Codelco has reached an agreement with the workers’ unions representing its Chuquicamata and Gabriela Mistral divisions, the miner said on Thursday January 31.
Categories: Metals Industry News

SHFE STOCKS REPORT 01/02: Copper, zinc stocks up amid thin trading before LNY

Base Metals Market - Fri, 02/01/2019 - 11:50
Copper and zinc stocks at Shanghai Futures Exchange-approved warehouses were up week on week on Friday February 1 despite thin trading ahead of the Lunar New Year holiday, while other base metals stocks were little changed.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/02: LME base metals prices lackluster on weak Chinese data; copper falls 1%

Base Metals Market - Fri, 02/01/2019 - 11:08
Base metals prices on the London Metal Exchange consolidated lower during morning trading on Friday February 1, hampered by weaker-than-expected Chinese PMI data and while the Chinese New Year holiday next week kept Asian markets idle.
Categories: Metals Industry News

Shanghai-bonded base metal stocks rise on sustained import losses; zinc inventory boosted by bullish short-term outlook

Base Metals Market - Fri, 02/01/2019 - 10:48
Copper stocks at Shanghai-bonded warehouses rose again in January after sustained losses in the import arbitrage between London and Shanghai, while a relatively bullish outlook on Chinese zinc demand after the Lunar New Year holiday led to an uptick in shipments of zinc cargoes into the bonded zone.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 01/02: Copper, aluminium, zinc, nickel

Base Metals Market - Fri, 02/01/2019 - 09:58
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 1 *
Categories: Metals Industry News

GLENCORE AT A GLANCE: 2018 full-year production results, 2019 guidance

Base Metals Market - Fri, 02/01/2019 - 09:45
A summary of Glencore’s production results for the year ended December 31, 2018, as well as its production guidance for 2019.
Categories: Metals Industry News

METALS MORNING VIEW 01/02: Metals prices consolidate while poor Chinese PMI data weighs on sentiment

Base Metals Market - Fri, 02/01/2019 - 09:00
Further weakness in China’s Caixin manufacturing purchasing managers’ index (PMI), that fell to 48.3 in January from 49.7 in the prior month, was enough to dent confidence in the base metals market this morning, Friday February 1, with prices for the most part weaker as a result.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/02: SHFE base metals prices rangebound ahead of China’s week-long holiday

Base Metals Market - Fri, 02/01/2019 - 04:30
Base metals prices on the Shanghai Futures Exchange were mixed within narrow ranges during Asian morning trading on Friday February 1, the last trading day ahead of the Chinese New Year holidays on February 4-10.
Categories: Metals Industry News

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