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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 28

Base Metals Market - Wed, 05/29/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday May 28 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT 28/05

Base Metals Market - Tue, 05/28/2019 - 22:09
A summary of base metals premiums from across the globe for the week to Tuesday May 28.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/05: Nickel falls 1.9% on strong dollar while short-covering ebbs

Base Metals Market - Tue, 05/28/2019 - 17:32
The London Metal Exchange three-month nickel price continued its decline to fall 1.9% since the close on Friday May 24 to end the afternoon kerb at $12,120 per tonne on Tuesday May 28.
Categories: Metals Industry News

Recylex gets debt reprieve for German subsidiaries; EU rules Recylex must pay collusion fine

Base Metals Market - Tue, 05/28/2019 - 16:10
European lead and zinc smelter Recylex has again been granted a reprieve from debtors regarding repayments of loans its German subgroup took out to finance asset investment, but will also be on the hook for a €26.7 million ($29.9 million) fine from the European Union, the company said on May 24.
Categories: Metals Industry News

PRICING NOTICE: Proposal to change publication day of NPI, laterite ore, nickel sulfate prices

Base Metals Market - Tue, 05/28/2019 - 14:08
Fastmarkets proposes to move the weekly publication day of five price assessments - two nickel pig iron (NPI) prices, two laterite nickel ore prices and one nickel sulfate price - from Tuesday to Friday.
Categories: Metals Industry News

Auroch acquires Minotaur nickel ore deposits for $1.03 million

Base Metals Market - Tue, 05/28/2019 - 13:20
Auroch Minerals has signed a binding agreement with fellow Australian miner Minotaur Exploration to acquire its Western Australian Saints and Leinster nickel sulfide deposits for A$1.5 million ($1.03 million), Fastmarkets learned on Tuesday May 28.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/05: LME nickel price slides 1.2% in lackluster trading; zinc bucks downtrend

Base Metals Market - Tue, 05/28/2019 - 10:27
The three-month nickel price on the London Metal Exchange dropped by 1.2% during morning trading on Tuesday May 28, capped by thin buying interest across Asian trading hours while US-China trade tensions continued to hang over commodity markets.
Categories: Metals Industry News

MORNING VIEW: LME base metals prices mixed while markets await developments

Base Metals Market - Tue, 05/28/2019 - 08:40
Markets are in semi-limbo while they wait for developments on US-China trade and Chinese stimulus; the release of Chinese purchasing managers’ index (PMI) data on Friday May 31, if poor, may well prompt more stimulus.
Categories: Metals Industry News

LIVE FUTURES REPORT 28/05: SHFE zinc price climbs 1.7%; others mixed

Base Metals Market - Tue, 05/28/2019 - 06:40
Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Tuesday May 28, with a stronger dollar and comments from US President Donald Trump suggesting the US was “not ready” to make a trade deal with China pressuring the complex.
Categories: Metals Industry News

Workers at Codelco's Chuquicamata mine could go on strike, unions say

Base Metals Market - Tue, 05/28/2019 - 04:15
Workers at Codelco’s Chuquicamata operation will vote this week on a proposed strike after rejecting the Chilean miner’s final wage and bonus offer, three trade unions representing the workers said on Saturday May 25.
Categories: Metals Industry News

China's satellite copper smelters, processers thrive abroad after scrap import restrictions

Base Metals Market - Mon, 05/27/2019 - 09:30
Cambodia’s Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/05: SHFE base metals prices mixed; aluminium supported by possible supply disruption

Base Metals Market - Mon, 05/27/2019 - 06:00
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 27, with a softer dollar and comments from US President Donald Trump suggesting a trade deal with China was still possible providing broad support to the complex.
Categories: Metals Industry News

OBITUARY: Weiqiao Pioneering Group founder Zhang Shiping dies at 73

Base Metals Market - Mon, 05/27/2019 - 02:00
Zhang Shiping, founder and chairman of Weiqiao Pioneering Group, the parent company of the world's largest aluminium producer China Hongqiao, died on Thursday May 23 after a period of illness.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 24

Base Metals Market - Mon, 05/27/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Friday May 24 that are worth another look.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: LME nickel price rockets 4% on short-covering; copper holds below $6,000/t

Base Metals Market - Fri, 05/24/2019 - 17:50
The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors seek to cover shorts ahead of the UK bank holiday next week.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 24/05: Cobalt sulfate price continues to fall on thin demand

Base Metals Market - Fri, 05/24/2019 - 17:32
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

Codelco confident of maintaining robust copper output over next decade

Base Metals Market - Fri, 05/24/2019 - 15:55
Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, it said, despite operational changes and sector headwinds.
Categories: Metals Industry News

PEOPLE MOVES: Henry Bath appoints Hack general manager

Base Metals Market - Fri, 05/24/2019 - 13:40
UK warehousing and logistics company Henry Bath announced its appointment of Jerome Hack to the position of general manager on Friday May 24.
Categories: Metals Industry News

LME tin warrants climb more than 60% amid fresh inflows; questions on market tightness

Base Metals Market - Fri, 05/24/2019 - 13:20
Fastmarkets’ assessment of the tin warrant premium available on the London Metal Exchange climbed by more than 60% on Tuesday May 21, reaching its highest level on record amid a flurry of higher quality stock inflows.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: Strong Asian buying pushes LME nickel up 2.5%; Al climbs amid 10kt fresh cancelation

Base Metals Market - Fri, 05/24/2019 - 11:05
Nickel’s three-month price on the London Metal Exchange increased by more than 2.5% during morning trading on Friday May 24, with its price action appreciating back over $12,000 per tonne while its volumes traded led the complex.
Categories: Metals Industry News

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