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Updated: 1 hour 41 min ago

GLOBAL ALUMINIUM WRAP: Rotterdam duty-unpaid premium hits 3-month high; pre-holiday restocking boosts Taiwanese market

3 hours 35 min ago
The Rotterdam duty-unpaid aluminium premium hit a three-month high on Tuesday January 26, with a shortage of spot material offsetting market participants’ concerns about a widening backwardation in London Metal Exchange spreads.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: US lead premiums reach highest levels since 2017 on tight supply

3 hours 42 min ago
Limited metal supply and steady demand have combined to push lead premiums in the United States higher in the week to Tuesday January 26, while expectations in China of plentiful domestic supply and a closed arbitrage window have capped interest for spot and long-term business.
Categories: Metals Industry News

LIVE FUTURES REPORT 27/01: Tin and zinc retreat by 1%; zinc hit by further 60,000t intake

5 hours 16 min ago
The base metals complex on the London Metal Exchange drifted lower in morning trading on Wednesday January 27, with lead and tin experiencing the biggest declines at 9am, and zinc also trending downwards following a sizable increase in LME warehouse stocks the previous day.
Categories: Metals Industry News

MORNING VIEW: Base metals prices more negative than positive – waiting for fresh direction

6 hours 28 min ago
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Shanghai premium supported by shipping delays; European rates rise

9 hours 5 min ago
Copper cathode premiums in Shanghai were confined to a narrow range in the week to Tuesday January 26, with a pick-up in spot buying due to a delay in Chilean shipments providing support.
Categories: Metals Industry News

GLOBAL TIN WRAP: Double-digit premium jumps seen again in US, afresh in Europe

12 hours 25 min ago
Global tin shortages and supply concentrated in Asia during shipping bottlenecks around Chinese New Year boosted premiums in the two weeks to Tuesday January 26.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from January 26

15 hours 45 min ago
Here are five Fastmarkets stories you might have missed on Tuesday January 26 that are worth another look.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT: 26/01

Tue, 01/26/2021 - 22:32
A summary of base metals premiums from across the globe for the week to Tuesday January 26.
Categories: Metals Industry News

Global computer chip shortage hits automotive industry amid higher demand

Tue, 01/26/2021 - 20:35
A global shortage of computer chips, another consequence of the Covid-19 pandemic that is affecting carmakers, has in some cases forced automotive producers to close assembly lines, Fastmarkets understands.
Categories: Metals Industry News

California ingot maker ceases alloy manufacturing

Tue, 01/26/2021 - 17:43
Brass and bronze ingot maker Atlas Pacific Corp has ceased alloy ingot manufacturing, according to sources with direct knowledge of the matter.
Categories: Metals Industry News

EV, renewables copper demand to be size of US refined market by 2025, Freeport says

Tue, 01/26/2021 - 17:40
Demand for copper to be used in electric vehicles (EV) and other renewable energy applications was expected to be almost the equivalent of the total US refined copper market by 2025, according to the country’s largest copper producer.
Categories: Metals Industry News

LIVE FUTURES REPORT 26/01: LME tin price nears $23,000/t, lead rises by 1.5%

Tue, 01/26/2021 - 17:39
Tin and lead’s forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index.
Categories: Metals Industry News

Grafton Warehouse Services listed as new LME warehouse company

Tue, 01/26/2021 - 16:36
The London Metal Exchange has registered Grafton Warehouse Services' Port Klang warehouse to be a part of the London Metal Exchange's network, according to a notice from the exchange on Tuesday January 26.
Categories: Metals Industry News

Freeport advances Gresik copper smelter expansion talks

Tue, 01/26/2021 - 15:33
Freeport-McMoRan said its Indonesian unit, PT-FI, has advanced discussions with the majority-owner of the country’s Gresik smelter regarding an expansion by around 30%.
Categories: Metals Industry News

Freeport-McMoRan expects copper sales to reach 1.7 mln tonnes in 2021

Tue, 01/26/2021 - 14:59
Copper producer Freeport-McMoRan expects to see its 2021 copper sales reach about 3.8 billion pounds, or 1.7 million tonnes, while it continues its transition to underground mining at Grasberg in Indonesia.
Categories: Metals Industry News

AT A GLANCE: SCC sets record-high copper output in 2020

Tue, 01/26/2021 - 14:55
A summary of production results and earnings figures for Southern Copper Corp (SCC) in the fourth quarter and full-year 2020, as stated in the company’s latest quarterly report, released on Monday January 25.
Categories: Metals Industry News

Ball to build new aluminium beverage canmaking plant in Czech Republic

Tue, 01/26/2021 - 14:14
Ball Corp is to build a new aluminium canmaking plant in the Czech Republic to meet rising demand from consumers seeking sustainable and recyclable beverage packaging, the company said.
Categories: Metals Industry News

FOCUS: Stock decline, Covid-19 supply issues put tin spreads in widest back since ‘09

Tue, 01/26/2021 - 14:05
The cash price for tin and its benchmark spread are receiving a boost from a short-term lack of supply on the London Metal Exchange, the question is when and how stocks on the exchange will return?
Categories: Metals Industry News

First Quantum sees higher copper production over next three years

Tue, 01/26/2021 - 13:33
First Quantum Minerals expects to achieve higher copper production in the next three years out to 2023, driven largely by its operations in Zambia and Panama.
Categories: Metals Industry News

APEX 2020: ED&F Man, ING and ABN Amro take top spots for price forecasts

Tue, 01/26/2021 - 13:13
ED&F Man Capital Markets’ Edward Meir led Fastmarkets’ Apex 2020 leaderboard for base metals analysis with an accuracy rate of 96.24%, having led the leaderboard for two quarters during the year.
Categories: Metals Industry News

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