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Metals Industry News

LIVE FUTURES REPORT 06/08: LME base metals consolidate; copper, zinc prices remain under pressure

Base Metals Market - Mon, 08/06/2018 - 17:55
Base metals on the London Metal Exchange consolidated for much of trading on Monday August 6, with closing prices mixed despite broad strength in the US dollar and an ongoing trade spat between the United States and China.
Categories: Metals Industry News

Edgemere Terminals USA relists after exiting LME warehousing in January

Base Metals Market - Mon, 08/06/2018 - 17:38
The London Metal Exchange has approved the listing of an Edgemere Terminals warehouse in Baltimore, eight months after the company ceased operating in the United States, the LME said in a note to members on Monday August 6.
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Electric vehicles to transform the automotive industry over the next five years, GlobalData says

Base Metals Market - Mon, 08/06/2018 - 16:15
Electric vehicles are exerting a significantly disruptive effect on the automotive industry and will transform the sector over the next five years, according to analytics firm GlobalData.
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PRICING NOTICE: Metal Bulletin proposes to amend minimum tonnage for European zinc premium assessments

Base Metals Market - Mon, 08/06/2018 - 15:20
Metal Bulletin is running a one-month consultation to seek feedback on whether to keep or amend the minimum tonnage used in the assessments of its zinc premiums for European countries.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/08: Comex copper price slips to start week

Base Metals Market - Mon, 08/06/2018 - 14:57
Comex copper prices were once again under pressure on Monday August 6 with trade worries and escalating tariffs sinking the base metals complex.
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China’s lead concs imports threatened by 10% tariffs on US goods amid tight market

Base Metals Market - Mon, 08/06/2018 - 13:02
China announced a 10% tariff on US lead ores and concentrates, which took up one-sixth of its imports last year, a move that could possibly exacerbate the tightness of lead raw material supply, according to a release by China’s Ministry of Finance last Friday.
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FOCUS: LME consultation sheds light on electronic trial; but the jury is out

Base Metals Market - Mon, 08/06/2018 - 12:40
The London Metal Exchange has fleshed out some of the key components put forward in its strategic pathway last September, notably the decision to trial nickel closing prices electronically for three months in the first quarter of 2019, the exchange said in a note to members on August 1.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 06/08: Copper, aluminium, zinc, nickel

Base Metals Market - Mon, 08/06/2018 - 12:04
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday August 6*
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FOCUS: What stifled Chinese nickel full plate premiums during the July open import window?

Base Metals Market - Mon, 08/06/2018 - 12:02
The nickel full plate premium cif Shanghai registered only a minor uptick last month during an open arbitrage window, failing to replicate last year’s record-breaking reaction – Metal Bulletin looks at the reasons why.
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NORTH AMERICAN MORNING BRIEF 06/08: LME base metals struggle against firm US dollar; Vietnam to use domestic HRC to avoid more US duties; Rusal aluminium sales down 19.2%

Base Metals Market - Mon, 08/06/2018 - 12:00
The latest metal markets news and price moves to start the North American day on Monday August 6.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/08: LME base metals struggle against firm dollar; zinc falls 2.5%

Base Metals Market - Mon, 08/06/2018 - 11:05
Base metals on the London Metal Exchange were lower across the board during morning trading on Monday August 6, limited by a firm uptick in the dollar index while the market continues to adjust to intensifying United States-China trade relations.
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RUSAL AT A GLANCE: Q2 drop in aluminium sales partly offset by higher prices, premiums amid US sanctions

Base Metals Market - Mon, 08/06/2018 - 09:43
Rusal’s sales of primary aluminium and alumina fell by 19.2% and 11.4% respectively in the second quarter of 2018 from the previous quarter due to US sanctions against the Russian producer.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 06/08: SHFE nickel rebounds; COBC, DLT Labs develop blockchain to trace supply chain; chrome ore, alloy prices slide in China

Base Metals Market - Mon, 08/06/2018 - 07:35
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Monday August 6.
Categories: Metals Industry News

LIVE FUTURES REPORT 06/08: SHFE base metals tick up on weaker dollar; nickel rebounds 0.8%

Base Metals Market - Mon, 08/06/2018 - 05:45
Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Monday August 6, with a retreat in the dollar index and stronger yuan providing support to the complex.
Categories: Metals Industry News

Cobalt, DLT Labs develop blockchain to trace supply chain

Base Metals Market - Fri, 08/03/2018 - 23:17
Canadian resource firm Cobalt Blockchain Inc (COBC) and DLT Labs Inc have completed a joint venture agreement to commercialize Mintrax, a blockchain platform to track the provenance of metals and minerals through the mining supply chain.
Categories: Metals Industry News

VIDEO: Fresh tariffs outshine labor issues in South America

Base Metals Market - Fri, 08/03/2018 - 19:03
Correspondent Dalton Barker recaps the week in the non-ferrous markets.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 03/08: Lithium slide continues

Base Metals Market - Fri, 08/03/2018 - 18:10
An overview of the battery raw materials markets and their price moves from the past week.
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LIVE FUTURES REPORT 03/08: LME base metals mostly nudge higher on dollar dip; zinc climbs 2.5%

Base Metals Market - Fri, 08/03/2018 - 17:58
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday August 3, supported by a slight uptick in the yuan and a dip in the dollar index.
Categories: Metals Industry News

KAZ Minerals aims for higher copper output, lower costs via Baimskaya purchase

Base Metals Market - Fri, 08/03/2018 - 17:20
KAZ Minerals is buying the Baimskaya copper project in Russia to enable it to boost copper production at a lower cost, the company said this week.
Categories: Metals Industry News

UPDATE 1: China announces 25% import tariffs in concentrates of copper, zinc and nickel from US

Base Metals Market - Fri, 08/03/2018 - 17:13
China will apply import tariffs of 25% on a series of US metal products including copper concentrates, the Chinese government said in an official notice on Friday August 3, marking an escalation of the trade war between the two countries.
Categories: Metals Industry News

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