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Metals Industry News

ALUMINA SNAPSHOT: LME aluminium rebound sends fob Australia index to three-month

Base Metals Market - Fri, 06/12/2020 - 17:17
Key information from the pricing session for Fastmarkets’ alumina index, fob Australia on Friday June 12.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 12/06: China cobalt prices drift lower amid thinning consumer inquiries

Base Metals Market - Fri, 06/12/2020 - 16:58
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs drop on lower trader buying terms

Base Metals Market - Fri, 06/12/2020 - 16:27
Fastmarkets’ benchmark copper concentrate treatment and refining charge (TC/RC) index dropped on Friday June 12 with traders eager to buy tonnages on a spot basis.
Categories: Metals Industry News

AT A GLANCE: Trafigura H1 net profit up 27%; benefits from volatile markets

Base Metals Market - Fri, 06/12/2020 - 13:08
A summary of Trafigura’s results for the first half of its 2020 financial year, October 1, 2019 to March 31, 2020.
Categories: Metals Industry News

CHINA ALUMINA SNAPSHOT: Uptrend persists on strong SHFE aluminum price

Base Metals Market - Fri, 06/12/2020 - 11:30
Key data from Fastmarkets' pricing session in Shanghai on Thursday June 11.
Categories: Metals Industry News

SHFE STOCKS REPORT 12/06: Most base metals stocks down; lead up by 118.5%

Base Metals Market - Fri, 06/12/2020 - 11:18
Most base metals recorded a decline in deliverable stocks in Shanghai Futures Exchange-approved warehouses in the week to Friday June 12, with the exception of lead and nickel, Fastmarkets understands.
Categories: Metals Industry News

LIVE FUTURES REPORT 12/06: LME lead up after 11.4kt cancellation; copper holds above $5,800/t

Base Metals Market - Fri, 06/12/2020 - 10:50
The London Metal Exchange three-month lead price was higher during morning trading on Friday June 12, with a fresh cancellation of some 11,450 tonnes bolstering the metal’s exchange price, while steady buying in copper futures continued over the morning.
Categories: Metals Industry News

NEWSBREAK: New MJP Q3 deals done at $60/t, $68/t

Base Metals Market - Fri, 06/12/2020 - 10:05
A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on Friday June 12 - a drop of 29.4% from a deal done last week.
Categories: Metals Industry News

MORNING VIEW: Base metals prices consolidate after Thursday’s broad-based reality check

Base Metals Market - Fri, 06/12/2020 - 07:31
There has been some follow-through selling in Asian-Pacific equity markets and base metals on the Shanghai Futures Exchange this morning, Friday June 12, but base metals on the London Metal Exchange and pre-market major western equity index futures are consolidating after Thursday's routs.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from June 11

Base Metals Market - Fri, 06/12/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/06: Base metals lose ground, LME aluminium dips 2%

Base Metals Market - Thu, 06/11/2020 - 18:27
All base metals lost ground during trading on Thursday June 11, with the London Metal Exchange three-month aluminium price falling by 2% to close at $1,601.50 per tonne.
Categories: Metals Industry News

FOCUS: LME’s low-carbon aluminium initiatives divide market

Base Metals Market - Thu, 06/11/2020 - 16:46
The London Metal Exchange has bolstered efforts to explore low-carbon initiatives this month, emphasizing green aluminium production as its target, but at a time of unprecedented distortions across the global raw materials supply chain, market sentiment remains mixed.
Categories: Metals Industry News

FOCUS: Weak demand, surplus stock loom over LME aluminium price uptrend

Base Metals Market - Thu, 06/11/2020 - 16:27
The London Metal Exchange aluminium price has climbed 6.5% so far this month, piggybacking on the uptrend in the rest of the complex, even though aluminium stocks at registered warehouses are at a three-year high.
Categories: Metals Industry News

HOTTER ON METALS: Shining a light on green aluminium

Base Metals Market - Thu, 06/11/2020 - 16:16
The London Metal Exchange recently reiterated its willingness to facilitate spot trading of low carbon aluminium.
Categories: Metals Industry News

Chambishi's earlier-than-planned copper smelter maintenance likely to exacerbate blister shortage

Base Metals Market - Thu, 06/11/2020 - 14:07
Zambian blister copper producer Chambishi (CCS) has brought forward its 43-day maintanence plan after being hit by a furnace outage since early June, Fastmarkets understands.
Categories: Metals Industry News

PRICING NOTICE: Correction to Fastmarkets’ Shanghai bonded copper premiums

Base Metals Market - Thu, 06/11/2020 - 12:21
Fastmarkets has corrected its two Shanghai bonded copper premiums, which were published incorrectly on Wednesday June 10 due to an error.
Categories: Metals Industry News

Fresh Q3 MJP deal done at $68/t, down 20% from first deal

Base Metals Market - Thu, 06/11/2020 - 10:27
A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on June 11 - a drop of 20% from a deal done last week.
Categories: Metals Industry News

China’s non-ferrous scrap renaming policy likely postponed - sources

Base Metals Market - Thu, 06/11/2020 - 10:13
China’s schedule to rename copper and aluminium scrap metal as renewable materials in July is not likely to be met, Fastmarkets has learned.
Categories: Metals Industry News

LIVE FUTURES REPORT 11/06: LME nickel price leads downturn; fresh stock inflow weighs on tin

Base Metals Market - Thu, 06/11/2020 - 10:09
The nickel price on the London Metal Exchange came under pressure during morning trading on Thursday June 11, with a complex-wide downturn emerging after the US Federal Reserve estimated that the US economy would shrink by 6.5% in 2020.
Categories: Metals Industry News

MORNING VIEW: Metal prices have turned lower after recent strength, broader markets weaker too

Base Metals Market - Thu, 06/11/2020 - 08:48
Risk assets were weaker this morning, Thursday June 11, with the base metals prices on the London Metal Exchange down across the board, as were Asian-Pacific equities and pre-market major western equity index futures.
Categories: Metals Industry News

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