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Updated: 1 hour 19 min ago

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

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

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

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

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

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

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

SHFE STOCKS REPORT 24/05: Nickel inventories up marginally amid muted demand, other metals post declines

Fri, 05/24/2019 - 10:25
Deliverable nickel stocks in Shanghai Futures Exchange-approved warehouses edged up by 3.1% week on week on Friday May 24 amid weakened demand for the metal, while inventories of the other base metals all declined.
Categories: Metals Industry News

MORNING VIEW: LME base metals steady themselves after recent weakness stemming from trade war, disappointing PMI data

Fri, 05/24/2019 - 09:10
A broad base of markets have steadied themselves this morning, Friday May 24, following the risk-off that unfolded over Wednesday and Thursday and was driven by deteriorating US-China trade relations and further weakness in flash purchasing managers’ index (PMI) data.
Categories: Metals Industry News

LIVE FUTURES REPORT 24/05: Softer dollar provides some relief for SHFE base metals; Cu up 0.7%

Fri, 05/24/2019 - 05:12
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday May 24, with a softening in the dollar overnight providing much-needed relief to the complex.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/05: LME Al bucks trend in lackluster London trading; zinc near $2,500/t

Thu, 05/23/2019 - 17:45
Aluminium’s three-month price on the London Metal Exchange was the only metal to trade in positive territory at the close of trading on Thursday April 23, climbing by just under 1% to near $1,800 per tonne.
Categories: Metals Industry News

FASTMARKETS MB DAILY PDFs

Thu, 05/23/2019 - 16:59
Daily PDFs will be downloadable until Monday May 27. After that, because of the UK’s Spring bank holiday, the next daily PDF will be downloadable on Wednesday May 29.
Categories: Metals Industry News

LIVE FUTURES REPORT 23/05: Trade woes pressure LME base metals prices lower; zinc falls 1.3%

Thu, 05/23/2019 - 10:33
Base metals prices on the London Metal Exchange were lower during morning trading on Thursday May 23, with continued trade friction between the United States and China fueling risk-off sentiment while tight nearby spreads failed to attract fresh inflows.
Categories: Metals Industry News

ElvalHalcor's Q1 profit dips 6% on weak aluminium prices

Thu, 05/23/2019 - 09:48
Greek aluminium and copper producer ElvalHalcor reported a dip in profits for the first quarter of 2019 due to weak aluminium prices, according to a trading update published on Wednesday May 22.
Categories: Metals Industry News

Energy storage to boost copper demand by 2.3mln tpy over next decade, analyst says

Thu, 05/23/2019 - 02:33
Energy storage in mobility and stationary storage applications will increase annual copper demand by 2.3 million tonnes by 2029, according to an analyst at research and consulting firm IDTechEx.
Categories: Metals Industry News

IN CASE YOU MISSED IT: 5 key stories from May 22

Thu, 05/23/2019 - 00:05
Here are five Fastmarkets MB stories you might have missed on Wednesday May 22 that are worth another look.
Categories: Metals Industry News

BETTING ON BLOCKCHAIN: Commodities consortium plans launch of inventory management platform

Wed, 05/22/2019 - 20:00
A consortium of commodities companies and financial institutions is planning to launch an inventory management system focused on the use of blockchain and other digital methods to manage the post-trade processing of transactions for metal commodities.
Categories: Metals Industry News

BASE METALS WARRANT REPORT 22/05

Wed, 05/22/2019 - 19:12
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 22.
Categories: Metals Industry News

FOCUS: KCM liquidation order - what is at stake, what will happen to Zambian copper industry?

Wed, 05/22/2019 - 18:50
The liquidation order issued by the government of Zambia, that would allow it to take control of the copper-producing assets held in the African country by global metals producer Vedanta, has sent shockwaves through the global industry.
Categories: Metals Industry News

LIVE FUTURES REPORT 22/05: LME copper price dips below $6,000/t amid trade uncertainties, robust dollar

Wed, 05/22/2019 - 17:54
The three-month copper’s price on the London Metal Exchange fell by 1.3% at the close of trading on Wednesday May 22, with price pressure emerging from resurging trade tensions between the United States and China, while dollar strength is limiting commodity investment.
Categories: Metals Industry News

US-China trade dispute key driver of copper price direction, ED&F Man exec says

Wed, 05/22/2019 - 17:23
Copper’s fundamentals mean prices should be higher but much depends on the outcome of the US-China trade dispute, according to an executive at ED&F Man Capital Markets.
Categories: Metals Industry News

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