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Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from August 21

Base Metals Market - Thu, 08/22/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look.
Categories: Metals Industry News

US stainless scrap prices still inching up

Base Metals Market - Wed, 08/21/2019 - 22:45
Despite further price increases for stainless steel scrap in the United States, market participants were pessimistic, pointing to low order volumes from the consuming mills and still-short lead times for finished steel products.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/08: LME zinc price rallies despite low turnover; tin still on downtrend

Base Metals Market - Wed, 08/21/2019 - 18:38
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 21/08

Base Metals Market - Wed, 08/21/2019 - 18:00
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 21.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: China premiums fall on closed import window; EU, US flat

Base Metals Market - Wed, 08/21/2019 - 17:30
Nickel premiums in China fell due to a widened arbitrage loss in the week to August 20 while European and United States premiums held during the quiet summer period despite a tightening forward curve and London Metal Exchange price volatility.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: US zinc premium widens up on steel mills vol cut; lead premiums down in SE Asia, India

Base Metals Market - Wed, 08/21/2019 - 16:25
Zinc premiums in the United States widened upward in the week to Tuesday August 20 amid dampened consumption from steel mills, while lead premiums drop in India and Southeast Asia, unaffected by Nystar Port Pirie outage.
Categories: Metals Industry News

China stainless steel export prices stable amid sluggish demand

Base Metals Market - Wed, 08/21/2019 - 12:00
Export prices for Chinese stainless steel remained flat week on week despite the uptrend in the nickel price because producers are unable to achieve any price hikes due to poor market demand, market sources said.
Categories: Metals Industry News

PEOPLE MOVES: Nickel, cobalt analyst Alexander Khodov joins Trafigura

Base Metals Market - Wed, 08/21/2019 - 10:30
Alexander Khodov has joined Trafigura as the Dutch commodity company’s lead nickel and cobalt market analyst, a source close to the matter confirmed on August 21.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/08: LME Ni nears $16k/t; Sn down 1.2%

Base Metals Market - Wed, 08/21/2019 - 10:20
The three-month nickel price traded on the London Metal Exchange approached $16,000 per tonne on Wednesday August 28 morning, trading around $15,970 per tonne during the morning session.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Firm Sep outlook caps Chinese premium downtrend; US narrows down on downstream pessimism

Base Metals Market - Wed, 08/21/2019 - 09:59
The cif Shanghai copper premium dipped in the week to Tuesday August 20 due to widening import arbitrage losses but market participants are optimistic of a rebound in September, which is traditionally a period of increased consumption.
Categories: Metals Industry News

MORNING VIEW: Markets quiet while they consolidate, wait for pointers from central bankers' symposium at Jackson Hole

Base Metals Market - Wed, 08/21/2019 - 09:20
The drone sound from the markets has not changed - no progress on United States-China trade talks, continued economic headwinds and various simmering geopolitical concerns.
Categories: Metals Industry News

LIVE FUTURES REPORT 21/08: SHFE base metals prices broadly pressured by trade headlines

Base Metals Market - Wed, 08/21/2019 - 06:11
Base metals prices on the Shanghai Futures Exchange were broadly under pressure during morning trading on Wednesday August 21, with market sentiment deteriorating amid negative headlines surrounding the United States-China trade dispute.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Rotterdam duty-unpaid premium at highest since June 2018

Base Metals Market - Wed, 08/21/2019 - 04:10
The consistent wide contango in London Metal Exchange price spreads pushed aluminium premiums in Rotterdam higher in the week ended Tuesday August 20, while premiums in South Korea declined because of poor demand.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from August 20

Base Metals Market - Wed, 08/21/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Tuesday August 20 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 20/08

Base Metals Market - Tue, 08/20/2019 - 18:58
A summary of base metals premiums from across the globe for the week to Tuesday August 20.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/08: LME nickel down 0.6%; Al below $1,800 per tonne

Base Metals Market - Tue, 08/20/2019 - 17:35
The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday’s close at $15,920 per tonne.
Categories: Metals Industry News

Afritin Mining produces first tin concentrates from Uis Namibia mine; signs offtake with Thaisarco

Base Metals Market - Tue, 08/20/2019 - 14:30
Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing its first batch of tin concentrates from its Uis project, while the company also signed a 12-month offtake agreement with Thailand Smelting and Refining Co Ltd (Thaisarco).
Categories: Metals Industry News

FREE WEB SEMINAR: What’s driving the battery raw materials markets?

Base Metals Market - Tue, 08/20/2019 - 11:05
Ahead of Fastmarkets’ Battery Materials Europe conference in Amsterdam, find out what our industry experts think are the key drivers in the market and what’s on the horizon.
Categories: Metals Industry News

LIVE FUTURES REPORT 20/08: LME nickel holds below $16k/t; Al nears $1,800/t

Base Metals Market - Tue, 08/20/2019 - 10:15
The three-month nickel price on the London Metal Exchange declined during morning trading on Tuesday August 20, holding below $16,000 per tonne while aluminium futures moved higher.
Categories: Metals Industry News

Citic Metal makes additional investment of $459mln to Ivanhoe Mines’s DRC copper mine

Base Metals Market - Tue, 08/20/2019 - 09:46
The development of Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC), will receive a financial boost from a second major strategic equity investment by Citic Metal.
Categories: Metals Industry News

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