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Metals Industry News

GLOBAL ALUMINIUM WRAP: Tightened LME spread contributes to slide in premiums

Base Metals Market - Wed, 10/03/2018 - 02:20
A tightened contango spread on the London Metal Exchange and the belief that regulators in the United States will lift sanctions against UC Rusal are largely responsible for softening aluminium premiums across the globe.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 02/10

Base Metals Market - Tue, 10/02/2018 - 22:37
A summary of base metals premiums from across the globe for the week to Tuesday October 2.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/10: LME base metals prices up despite dollar strength; Ali jumps 1.6%

Base Metals Market - Tue, 10/02/2018 - 17:45
The prices of base metals on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment amid the newly developed USMCA trade deal in North America.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/10: Comex copper price recovers in morning trading

Base Metals Market - Tue, 10/02/2018 - 15:06
Comex copper prices rebounded in the US morning on Tuesday October 2 despite a stronger dollar and poor Chinese data.
Categories: Metals Industry News

LIVE FUTURES REPORT 02/10: LME base metals prices soften on dollar advance; Al nears $2,100/t

Base Metals Market - Tue, 10/02/2018 - 10:25
Base metal prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday October 2, with prices shaken by weaker-than-expected US economic data on Monday while a steady uptick in the dollar index is capping any price rallies.
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EUROPEAN MORNING BRIEF 02/10: LME base metals prices soften; cobalt prices capped by cautious sentiment, slow trading; Metalshub closes financing round

Base Metals Market - Tue, 10/02/2018 - 05:05
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday October 2.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/10: LME base metals prices soften on weaker-than-expected US, China economic data

Base Metals Market - Tue, 10/02/2018 - 04:42
Three-month base metals prices on the London Metal Exchange slumped during early trading on Tuesday October 2, with the complex under pressure from a slew of disappointing data releases from the United States and China.
Categories: Metals Industry News

Metalshub closes financing round to further enhance digital platform

Base Metals Market - Tue, 10/02/2018 - 03:00
Metalshub, the digital platform for buyers and sellers of ferro-alloys and metals, has just closed a €3 million ($3.5 million) financing round with the proceeds to be used to expand its software development team and further improve its platform.
Categories: Metals Industry News

US authorities may get oversight, investigative powers on aluminium pricing

Base Metals Market - Mon, 10/01/2018 - 21:54
US regulators may be given powers to conduct oversight and investigate price reporting and price setting entities within the aluminium markets if recently-introduced legislation becomes law.
Categories: Metals Industry News

Canadian aluminium trade group hopes 'new Nafta' deal will lead to end of US Section 232 tariffs

Base Metals Market - Mon, 10/01/2018 - 18:49
Aluminium Association of Canada president and chief executive officer Jean Simard hopes the Sunday September 30 agreement on a new United States-Mexico-Canada Agreement (USMCA) will lead to a swift resolution of the dispute over 10% US tariffs imposed beginning June 1.
Categories: Metals Industry News

Copper concentrate TC/RCs rise at September-end after mining longs release tonnes

Base Metals Market - Mon, 10/01/2018 - 17:59
Copper concentrate treatment and refining charges (TC/RCs) rose at the end of September after smelters in China cherry-picked deals and traders bid on nearby tenders at higher numbers.
Categories: Metals Industry News

PEOPLE MOVES: Mercuria to hire CCI base metals traders by year-end - sources

Base Metals Market - Mon, 10/01/2018 - 17:59
Three base metals traders working at Castleton Commodities International (CCI) will leave to join Mercuria and build up the company's aluminium, copper and zinc global books, Fastmarkets learned on Monday October 1.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/10: LME aluminium, zinc prices push higher; nickel, copper consolidate lower despite trade optimism

Base Metals Market - Mon, 10/01/2018 - 17:55
Base metals on the London Metal Exchange were mixed at the close of trading on Monday October 1 after some forecast-missing economic data from China.
Categories: Metals Industry News

GEM, Brunp JV to develop Indonesian nickel-cobalt project

Base Metals Market - Mon, 10/01/2018 - 17:08
A joint venture comprising Tsingshan Group, GEM, Brunp Recycling, PT Indonesia Morowali Industrial Park (IMIP) and Hanwa Co Ltd will invest $700 million to develop a nickel-cobalt project in Indonesia.
Categories: Metals Industry News

LIVE FUTURES REPORT 01/10: Comex copper price tumbles following disappointing Chinese data

Base Metals Market - Mon, 10/01/2018 - 16:44
Comex copper prices fell in the US morning on Monday October 1 due to poor Chinese manufacturing data released overnight.
Categories: Metals Industry News

PRICING NOTICE: Correction to copper Grade A cathode in-warehouse bonded Shanghai premium

Base Metals Market - Mon, 10/01/2018 - 16:44
Due to an administrative error, the incorrect Shanghai copper low-high premium, Grade A, cathode, in-warehouse was published on Friday September 28.
Categories: Metals Industry News

ALUMINA SNAPSHOT: Fob Australia index falls to lowest since June, down 25% m-o-m

Base Metals Market - Mon, 10/01/2018 - 16:10
The alumina index fob Australia continued to fall on Monday October 1, down 25% since the beginning of September.
Categories: Metals Industry News

PEOPLE MOVES: Zalozinski leaves Poland copper producer KGHM

Base Metals Market - Mon, 10/01/2018 - 16:05
Radoslaw Zalozinski has left his position as an executive director with Polish copper producer KGHM after 19 years with the group, Fastmarkets learnt on Monday October 1.
Categories: Metals Industry News

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