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Metals Industry News

LIVE FUTURES REPORT 28/10: LME zinc price holds gains above $2,500/t amid high turnover

Base Metals Market - Mon, 10/28/2019 - 10:42
The zinc price rose in morning trading on the London Metal Exchange on Monday October 28, finding support above $2,500 per tonne, with the forward spreads remaining tight.
Categories: Metals Industry News

Indonesia starts crackdown on nickel mines

Base Metals Market - Mon, 10/28/2019 - 10:28
Indonesian officials launched an inspection of domestic nickel laterite ore mines on the night of Friday October 25, market sources confirmed.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: Rabobank, Concord, PGS complete first physical repo trade

Base Metals Market - Mon, 10/28/2019 - 08:30
A consortium including Dutch bank Rabobank, international trading firm Concord Resources and warehousing firm PGS has completed its first physical repo trade using a new blockchain platform.
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Ramu nickel-cobalt mine restarts

Base Metals Market - Mon, 10/28/2019 - 07:35
Operations at the Ramu nickel-cobalt project in northeast Papua New Guinea have restarted after a temporary closure, Reuters reported on Monday 28 October.
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LIVE FUTURES REPORT 28/10: SHFE base metals broadly higher amid easing Sino-US trade tensions, Zn up 2%

Base Metals Market - Mon, 10/28/2019 - 05:00
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading session on Monday October 28, with overall market sentiment buoyed by the positive progress in the trade negotiation between China and the United States, the world’s two largest economies.
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IN CASE YOU MISSED IT: 5 key stories from October 25

Base Metals Market - Mon, 10/28/2019 - 01:05
Here are five Fastmarkets MB stories you might have missed on Friday October 25 that are worth another look.
Categories: Metals Industry News

Samsung SDI locks in NCM cathode materials supply from Umicore

Base Metals Market - Mon, 10/28/2019 - 00:30
Umicore and Samsung SDI have agreed a multi-year deal whereby the former will supply the South Korean battery-manufacturer with almost 80,000 tonnes of nickel-cobalt-manganese [NCM] cathode materials, starting in 2020.
Categories: Metals Industry News

Vale's Onça Puma nickel ops will boost output in November, executive says

Base Metals Market - Sun, 10/27/2019 - 16:12
Activity at Vale’s Onça Puma nickel unit in the Brazilian northern state of Pará will ramp up throughout November following a favorable judicial ruling allowing it to reopen, the company’s chief of base metals operations, Mark Travers, said.
Categories: Metals Industry News

ALUMINIUM BILLET WRAP: US upcharge at record low; Thailand premium falls

Base Metals Market - Sun, 10/27/2019 - 15:58
The premium for aluminium billet in the United States fell to a record low on Friday October 25 due to to continued sluggish demand, while premiums in Europe and Brazil remained under pressure.
Categories: Metals Industry News

LIVE FUTURES REPORT 25/10: LME copper price closes at six-week high; zinc breaches $2,500/t

Base Metals Market - Fri, 10/25/2019 - 17:57
The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday October 25, settling above the $5,900 per tonne level for the first time since September amid thin turnover, while zinc futures similarly closed higher.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 25/10: Nickel sulfate buyers remain cautious amid volatility

Base Metals Market - Fri, 10/25/2019 - 17:43
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

SHFE STOCKS REPORT 25/10: Aluminium inventory down 6.8% due to alumina supply disruptions

Base Metals Market - Fri, 10/25/2019 - 17:06
Stocks of base metals other than nickel in Shanghai Futures Exchange-approved warehouses fell in the week to Friday October 25.
Categories: Metals Industry News

CHINA COPPER PREMIUM SNAPSHOT: Cif Shanghai premium falls for two consecutive days on widening arb loss

Base Metals Market - Fri, 10/25/2019 - 15:10
The widening arbitrage loss and low buying interest weighed on the Shanghai copper cathode premiums in the week ended Friday October 25.
Categories: Metals Industry News

Glencore year-to-date copper, nickel production falls

Base Metals Market - Fri, 10/25/2019 - 14:58
Switzerland-based commodity trading and mining company Glencore recorded a year-to-date decrease in copper and nickel production for the third quarter of 2019, while zinc production increased.
Categories: Metals Industry News

LME outlines responsible sourcing requirements, route to compliance

Base Metals Market - Fri, 10/25/2019 - 13:14
The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance.
Categories: Metals Industry News

Rusal output, sales edge higher in 'disappointing' Q3; global aluminium demand decreases

Base Metals Market - Fri, 10/25/2019 - 12:59
Russian aluminium producer Rusal released its results from a ‘disappointing’ third quarter on Friday October 25, which saw ‘further deterioration’ in aluminium demand compared with the previous quarter.
Categories: Metals Industry News

Collapsed conveyor in Guinea to disrupt bauxite operations; alumina prices continue to firm

Base Metals Market - Fri, 10/25/2019 - 12:57
Bauxite deliveries from Cie des Bauxites de Guinée’s (CBG) at the port of Kamsar in Guinea will be disrupted due to a broken conveyor, sources told Fastmarkets.
Categories: Metals Industry News

TERRAFAME AT A GLANCE: Q3 nickel production up 2%; zinc output sinks by 7%

Base Metals Market - Fri, 10/25/2019 - 12:50
A summary of Terrafame’s nickel and zinc production results for third quarter of 2019.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: Consortium including Glencore to explore blockchain for responsible sourcing

Base Metals Market - Fri, 10/25/2019 - 12:40
A group of metals and mining companies including Glencore and Anglo American have joined forces with the World Economic Forum to explore the use of blockchain technology to accelerate responsible sourcing of raw materials.
Categories: Metals Industry News

PRICING NOTICE: Correction to cif ER Shanghai copper premium

Base Metals Market - Fri, 10/25/2019 - 12:39
Due to a reporter error, Fastmarkets’ cif Shanghai copper premium was published incorrectly on Thursday October 24.
Categories: Metals Industry News

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