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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 8

Base Metals Market - Mon, 01/11/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Friday January 8 that are worth another look.
Categories: Metals Industry News

ALUMINIUM FOUNDRY WRAP: Premiums climb in US, Germany

Base Metals Market - Fri, 01/08/2021 - 20:22
Aluminium primary foundry alloy (PFA) premiums in the United States nad Germany climbed on Friday January 8 as demand outpaced limited supply in those countries.
Categories: Metals Industry News

NEW ENERGY MATERIALS MARKET REPORT 08/01: Strong rally in cobalt metal on Chinese, inter-trade buying

Base Metals Market - Fri, 01/08/2021 - 19:00
An overview of the new energy raw materials markets and their latest price moves in the past week.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/01: Zinc, nickel fall more than 2%; base metals consolidate

Base Metals Market - Fri, 01/08/2021 - 18:37
Three-month zinc and nickel both fell by more than 2% on Friday January 8, with the LME base metals ending the week with pullbacks from the highs reached in the first days of 2021 after a US Dollar Index rebound.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs retreat amid quiet trade [CORRECTED]

Base Metals Market - Fri, 01/08/2021 - 14:00
Spot trading of copper concentrates was quiet in the last week of December 2020, with fewer purchases by both smelters and traders.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: Fall in TC/RCs as smelters seek spot units after Las Bambas delays

Base Metals Market - Fri, 01/08/2021 - 13:25
Copper concentrate treatment charges and refining charges (TC/RCs) fell in the week ending Friday January 8, with more smelters looking for units on the spot market to replace delayed shipments from the Las Bambas copper mine in Peru.
Categories: Metals Industry News

SHFE STOCKS REPORT 08/01: Most base metals stocks increase; zinc up by 22.5%

Base Metals Market - Fri, 01/08/2021 - 12:21
Base metals, with the exception of copper and nickel, registered increases in inventory levels in Shanghai Futures Exchange-registered warehouses in the week to Friday January 8, with zinc up the most at 22.5%.
Categories: Metals Industry News

PRICING NOTICE: Correction to copper concentrate TC/RC index January 4, 2021

Base Metals Market - Fri, 01/08/2021 - 12:20
Fastmarkets has corrected its weekly copper concentrate treatment and refining charge (TC/RC) index, which was published incorrectly on Monday January 4 due to a calculation error.
Categories: Metals Industry News

LIVE FUTURES REPORT 08/01: LME complex slows down bullish pace on dollar index uptick

Base Metals Market - Fri, 01/08/2021 - 10:17
Base metals forward prices on the London Metals Exchange consolidated on the morning of Friday January 8, ending a week when some reached multi-year rises, due to a recovery in the dollar index.
Categories: Metals Industry News

MORNING VIEW: Base metals prices mixed, equities stronger on further reflation expectations

Base Metals Market - Fri, 01/08/2021 - 08:23
Base metals prices were pausing and precious metals were mainly on a back footing this morning, Friday January 8, with sentiment generally bullish on the prospects for greater fiscal spending out of the United States when Joe Biden becomes the president in a few weeks’ time.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 7

Base Metals Market - Fri, 01/08/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.
Categories: Metals Industry News

US brass scrap prices reach record highs

Base Metals Market - Thu, 01/07/2021 - 21:17
Robust export demand for brass and copper scrap is weighing on the domestic prices of scrap metal in the United States, with brass scrap prices reaching record highs in the first week of the New Year.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/01: LME copper, nickel extend highs through $8,180, $18,200 per tonne

Base Metals Market - Thu, 01/07/2021 - 17:53
Forward prices for copper and nickel on the London Metal Exchange continued to reach new highs during trading on Thursday January 7, while the rest of the base-metals complex showed smaller increases than those seen at the beginning of the week on a marked rebound in the US dollar index.
Categories: Metals Industry News

Local rail suspension in Hebei prompts surge in Chinese alumina buying

Base Metals Market - Thu, 01/07/2021 - 16:46
The Chinese alumina price rose slightly this week following a spate of panic buying after railway transport in Shijiazhuang, in the northern Chinese province of Hebei, was suspended amid a rise in Covid-19 infections, market participants told Fastmarkets.
Categories: Metals Industry News

Las Bambas copper mine blockade paused but concentrate transport still congested

Base Metals Market - Thu, 01/07/2021 - 12:01
The blockade at the Las Bambas copper mine in Peru has been partially ended on a temporary basis pending a dialogue between local community members and mining company MMG, Fastmarkets learned on Thursday January 7.
Categories: Metals Industry News

LIVE FUTURES REPORT 07/01: LME nickel price breaches $18,000/t; copper, zinc continue higher

Base Metals Market - Thu, 01/07/2021 - 10:22
The three-month nickel price on the London Metals Exchange crossed $18,000 per tonne on the morning of Thursday January 7 and copper continued to stride above $8,000 per tonne in a broadly positive morning for the complex.
Categories: Metals Industry News

MORNING VIEW: Base metals continue higher while gold pulls back

Base Metals Market - Thu, 01/07/2021 - 09:20
Markets remained upbeat on the morning of Thursday January 7 despite the outbreak of violence in Washington, DC, with nickel joining copper and tin in setting fresh new multi-month highs but gold turning lower.
Categories: Metals Industry News

China Copper's Feng to head top smelter group after CSPT tie vote

Base Metals Market - Thu, 01/07/2021 - 08:50
China Copper's raw materials director Feng Mingrui will be the next group leader of the country's top copper smelters after a tie vote at a recent meeting, sources told Fastmarkets.
Categories: Metals Industry News

China’s stainless steel prices rise, but demand falls

Base Metals Market - Thu, 01/07/2021 - 05:20
China’s stainless steel prices increased in the past week on gains in the nickel market, though trading activity fell as a result of the increases.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 6

Base Metals Market - Thu, 01/07/2021 - 00:05
Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.
Categories: Metals Industry News

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