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ALUMINIUM BILLET WRAP: Premiums mostly flat; markets quiet

Fri, 06/05/2020 - 23:04
Global aluminium billet premiums were unchanged but for a drop in Thailand, with spot demand battered due to the Covid-19 pandemic.
Categories: Metals Industry News

Covid-19 shows need for regional critical minerals supply chain, First Cobalt CEO says

Fri, 06/05/2020 - 19:34
The Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said.
Categories: Metals Industry News

PEOPLE MOVES: Noranda announces new chief operating officer

Fri, 06/05/2020 - 19:00
New Day Aluminum Holdings, the parent company of Noranda Bauxite, Noranda Alumina, and Niche Industrial Chemicals, on June 2 announced the appointment of John Habisreitinger as chief operating officer.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/06: LME copper finishes strongly to close near $5,700

Fri, 06/05/2020 - 17:52
The three-month copper price on the London Metal Exchange rose by 2.3% day-on-day to close at $5,690 per tonne on Friday June 5, after a strong day of trading with a turnover of more than 23,300 lots.
Categories: Metals Industry News

COPPER CONCS SNAPSHOT: TC/RCs largely flat with more tonnages out for tender

Fri, 06/05/2020 - 17:17
Fastmarkets’ benchmark copper concentrates treatment and refining charge (TC/RC) index edged down marginally on Friday June 5 with more tonnages offered by miners for spot sale.
Categories: Metals Industry News

BATTERY RAW MATERIALS MARKET REPORT 05/06: Graphite sellers continue to cut offers to attract buyers

Fri, 06/05/2020 - 16:58
An overview of the battery raw materials markets and their latest price moves.
Categories: Metals Industry News

SHFE STOCKS REPORT 05/06: Aluminium stocks drop 10%; lead up almost 5%

Fri, 06/05/2020 - 12:58
Aluminium stocks in Shanghai Futures Exchange-approved warehouses showed the largest drop in percentage terms in the week to Friday June 5, falling by 10.0% or 29,717 tonnes to 266,588 tonnes.
Categories: Metals Industry News

Chinese alumina sellers bullish on news of new smelter capacity in June-July

Fri, 06/05/2020 - 12:05
The China alumina market firmed this week on higher offers from sellers who expect increased demand from new aluminium projects.
Categories: Metals Industry News

LIVE FUTURES REPORT 05/06: LME base metals prices rallied by ECB stimulus; copper clears $5,600/t

Fri, 06/05/2020 - 10:29
Base metals prices on the London Metal Exchange were collectively higher during morning trading on Friday June 5, supported by stimulus measures announced by central banks, including copper which reached a three-month high due to an uptick in risk appetite across the commodities sector.
Categories: Metals Industry News

First MJP Q3 deal concludes at $85; market remains bearish

Fri, 06/05/2020 - 09:55
The first deal for aluminium cif main Japanese ports (MJP) for the third quarter has concluded at a premium of $85 per tonne, multiple market sources told Fastmarkets this week, but many expect cheaper deals to emerge.
Categories: Metals Industry News

MORNING VIEW: Markets buoyant on continued widespread stimulus, but US jobs report may prompt a reality check

Fri, 06/05/2020 - 08:13
The metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from June 4

Fri, 06/05/2020 - 00:05
Here are five Fastmarkets stories you might have missed on Thursday June 4 that are worth another look.
Categories: Metals Industry News

Covid-19 breaking supply chains, encouraging reshoring, GSA says

Thu, 06/04/2020 - 17:30
The recent tariffs and trade wars had already stretched global supply chains to breaking point, but the Covid-19 pandemic broke those chains, according to a report by Gold Street Advisors (GSA).
Categories: Metals Industry News

LIVE FUTURES REPORT 04/06: LME copper price clears $5,500 in steady recovery; lead's rise tops complex

Thu, 06/04/2020 - 17:02
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday June 4, recovering from a morning slump to breach nearby resistance levels amid low turnover.
Categories: Metals Industry News

Russia declares state of emergency after 20,000t oil spill at plant operated by Nornickel subsidiary

Thu, 06/04/2020 - 15:27
Russian President Vladimir Putin has declared a state of emergency after an accident at a plant operated by a subsidiary of top nickel and palladium producer Norilsk Nickel (Nornickel) caused a leak of 20,000 tonnes of diesel oil into a river within the Arctic Circle.
Categories: Metals Industry News

Katanga now wholly-owned by Glencore in deal to take company private

Thu, 06/04/2020 - 14:21
Katanga Mining has been taken private by Glencore International AG after shareholders voted overwhelming in favor of a definitive agreement to amalgamate the company with 836074 Yukon Inc, a wholly-owned Katanga subsidiary.
Categories: Metals Industry News

LIVE FUTURES REPORT 04/06: LME copper price sinks 0.8% despite 20kt fresh cancelation; lead falls below $1,700/t

Thu, 06/04/2020 - 10:47
The three-month copper price on the London Metal Exchange was down during morning trading on Thursday June 4, falling below the $5,500-per-tonne support level in a complex-wide downturn that saw risk appetite soften, while lead futures led on the downside with a 1.9% fall over the morning.
Categories: Metals Industry News

MORNING VIEW: Markets mixed with metals weaker, while equities remain upbeat

Thu, 06/04/2020 - 09:10
The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger.
Categories: Metals Industry News

Chinese stainless steel prices steady despite soft demand, rising nickel cost

Thu, 06/04/2020 - 05:42
Stainless steel prices in China were mostly stable over the past week despite soft demand and recent gains in the price of nickel, sources said.
Categories: Metals Industry News

GLOBAL TIN WRAP: Premiums decline in the US, flat elsewhere amid pandemic-related lull

Thu, 06/04/2020 - 04:20
The Covid-19 pandemic universally suppressed physical demand for tin in the two weeks to Tuesday June 2.
Categories: Metals Industry News

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