You are here

Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 18

Base Metals Market - Tue, 05/19/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.
Categories: Metals Industry News

HOTTER ON METALS: Looking for LUV in the time of Covid-19

Base Metals Market - Mon, 05/18/2020 - 18:10
How long it will take the global economy to recover from the Covid-19 pandemic is anyone’s guess right now.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/05: Positive virus sentiment sees broad LME base metals price rally; Cu breaches $5,300/t

Base Metals Market - Mon, 05/18/2020 - 17:00
Three-month base metals prices on the London Metal Exchange rallied at the close of trading on Monday May 18, with positive risk sentiment emerging from a continued easing of Covid-19 market concerns, while copper, nickel and zinc futures all breached nearby resistance levels.
Categories: Metals Industry News

Shanghai bonded copper stocks fall closer to 2015 low on arb business

Base Metals Market - Mon, 05/18/2020 - 14:00
Copper stocks at Shanghai bonded warehouses continued to decline on Monday May 18, falling closer to Fastmarkets' all-time low of 250,000 tonnes, which was posted in October 2015.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/05: LME copper price tops complex in 1.9% rally; 17.5kt zinc freshly canceled at Vlissingen

Base Metals Market - Mon, 05/18/2020 - 10:48
The LME three-month copper price was higher in morning trading on Monday May 18, steadily approaching $5,300 per tonne amid steady turnover, while a 17,500-tonne fresh cancelation in LME zinc bolstered that metal’s underlying price.
Categories: Metals Industry News

Glencore sign offtake agreement for two-years’ of Aldel production

Base Metals Market - Mon, 05/18/2020 - 10:04
Glencore have signed an offtake agreement with Netherlands-based aluminium producer Aldel for up to 180,000 tonnes of aluminium this year and next, Aldel confirmed to Fastmarkets on May 18.
Categories: Metals Industry News

MORNING VIEW: Base metals and broader markets firmer as risk-on returns, but gold also stronger

Base Metals Market - Mon, 05/18/2020 - 09:07
While backward-looking economic data continues to show how deep the global contraction has been, markets seem focused on the recovery this morning, Monday May 18, as more economies open up and plan to reopen in the weeks ahead.
Categories: Metals Industry News

Recylex German subgroups file for insolvency

Base Metals Market - Mon, 05/18/2020 - 04:30
Lead-zinc producer Recylex Group filed for insolvency protection for its German subsidiaries and will consequently lose control of its German subgroup, the company said last week.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 15

Base Metals Market - Mon, 05/18/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.
Categories: Metals Industry News

A380.1 price loses further ground in US

Base Metals Market - Fri, 05/15/2020 - 22:44
Most secondary aluminium alloy prices in the United States, including the benchmark A380.1, edged down on Thursday May 14, with producers expecting a slow recovery in demand despite automakers restarting production this month.
Categories: Metals Industry News

US, EMEA face disproportionate Ni Covid-19 hit, Nornickel says

Base Metals Market - Fri, 05/15/2020 - 22:15
The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less nickel this year, while that in China will fall by just 4% versus 2019, according to Nornickel.
Categories: Metals Industry News

US Midwest aluminium premium narrows downward

Base Metals Market - Fri, 05/15/2020 - 22:01
The US Midwest aluminium premium declined on the high end of its range on Friday May 15, with participants valuating the premium lower while demand in this market remains frail.
Categories: Metals Industry News

Diversified portfolio a safer bet during Covid-19, ex-Rio Tinto head says

Base Metals Market - Fri, 05/15/2020 - 21:33
A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 15/05: Lithium carbonate, graphite prices face further pressure from weak buying

Base Metals Market - Fri, 05/15/2020 - 19:50
An overview of the battery raw materials markets and their price moves from the past week.
Categories: Metals Industry News

HOTTER ON METALS: Move over, mega mine, ex-Rio Tinto CEO says

Base Metals Market - Fri, 05/15/2020 - 18:37
The Covid-19 pandemic is likely to lead to another casualty: the mega mine.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/05: Copper closes below $5,200/t mark, base metals under pressure

Base Metals Market - Fri, 05/15/2020 - 18:27
The three-month copper price on the London Metal Exchange fell by 0.54% to close at $5,181.50 per tonne on Friday May 15.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: Copper concs TCs fall to 8-month low

Base Metals Market - Fri, 05/15/2020 - 17:38
Copper concentrate treatment and refining charges (TC/RCs) on the spot market were now at their lowest level for the past eight months.
Categories: Metals Industry News

HOTTER ON METALS: Alcoa calls for industry-wide aluminium cuts

Base Metals Market - Fri, 05/15/2020 - 15:10
Alcoa Corp has called on the aluminium industry to assess the cost effectiveness of its smelting capacity and make cuts where appropriate - or face a ratcheting up of inventories and a protracted period of low prices.
Categories: Metals Industry News

SHFE STOCKS REPORT 15/05: Lead inventories surge by almost 12%; Al stocks tumbles 9.4%

Base Metals Market - Fri, 05/15/2020 - 14:35
Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses mostly dipped in the week to Friday May 15, with the exception of lead and copper.
Categories: Metals Industry News

Shanghai benchmark copper premium hits highest since 2015

Base Metals Market - Fri, 05/15/2020 - 13:05
Fastmarkets' Shanghai benchmark copper premium surged to its highest level since September 2015 on May 15, with traders looking for overseas material to tap arbitrage gains. sources said.
Categories: Metals Industry News

Pages

Subscribe to Allied Metal Group aggregator - Metals Industry News
Site content copyright © The Allied Metal Group, Inc.