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Updated: 1 hour 31 min ago

METALS MORNING VIEW 19/04: Metal prices higher on broad-based commodity rally

Thu, 04/19/2018 - 09:31
After the eventful rally on Wednesday, both the base and precious metals complexes have continued their upward momentum in the morning of Thursday April 19 with a broad-based commodity rally supporting all metals prices higher.
Categories: Metals Industry News

MJP aluminium stocks drop 10% m-o-m in March

Thu, 04/19/2018 - 08:00
Primary aluminium stocks at the three main Japanese ports (MJP) dropped 9.8% month on month in March, according to Marubeni Corp data released on Thursday April 19.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 19/04: SHFE nickel, aluminium prices rally; Chile's Enami appoints new vice president; aluminium instability ‘unprecedented’

Thu, 04/19/2018 - 07:30
Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Thursday April 19
Categories: Metals Industry News

LIVE FUTURES REPORT 19/04: SHFE nickel, aluminium prices rally on sanction-related concerns

Thu, 04/19/2018 - 07:25
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday April 19, with nickel and aluminium leading the gains on sanction-related concerns.
Categories: Metals Industry News

BHP raises fiscal 2018 zinc production guidance at Antamina

Thu, 04/19/2018 - 05:53
BHP has raised the zinc production guidance from its Antamina operation in Peru to around 110,000 tonnes from 100,000 tonnes for the fiscal year ending June 30, 2018, according to the miner’s quarterly report released on Thursday April 19.
Categories: Metals Industry News

BHP’s copper output up 101% in Q1; narrows FY guidance

Thu, 04/19/2018 - 05:41
BHP’s copper production doubled year on year in the three months to the end of March against a backdrop of high and rising prices.
Categories: Metals Industry News

PEOPLE MOVES: Chile's Enami appoints new vice president amid challenging conditions

Thu, 04/19/2018 - 03:38
The Chilean government has named André Sougarret as the new executive vice president of copper producer Empresa Nacional de Minería (Enami), effective April 27.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/04: LME base metals rally amid record-breaking surge for nickel

Wed, 04/18/2018 - 17:59
Base metal prices on the London Metal Exchange surged higher at the close of ring trading on Wednesday April 18, with nickel recording the highest intraday price difference since 2009.
Categories: Metals Industry News

Alumina index surges to all-time high

Wed, 04/18/2018 - 17:39
Metal Bulletin’s daily fob Australia alumina index settled at $672.50 per tonne on Wednesday April 18, up 16.2% compared with the previous day’s calculation, and the highest number recorded since the index launched in August 2010.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Italian zinc premiums under pressure; lead market eyes Iranian exports

Wed, 04/18/2018 - 17:12
Zinc ingot premiums dipped on a delivered basis in Italy and remain flat elsewhere in Europe, in Asia and in the United States on Tuesday April 17; meanwhile the lead market is eyeing cargoes from key exporter Iran, where the fallout of a currency crisis there is limiting shipments from the country.
Categories: Metals Industry News

LME nickel price rallies 10% amid ‘sanction hysteria’

Wed, 04/18/2018 - 16:16
Nickel prices on the London Metal Exchange are trading at their highest since December 2014, with concerns about further sanctions fuelling a significant rally.
Categories: Metals Industry News

LIVE FUTURES REPORT 18/04: Comex copper price surges to one-month high in midweek trading

Wed, 04/18/2018 - 15:36
Comex copper jumped to a month high on Wednesday April 18 amid an increase in technical buying and after China eased its monetary policy.
Categories: Metals Industry News

Some Chinese zinc smelters bring forward planned maintenance, extend checkups to shield from price drop, low TCs

Wed, 04/18/2018 - 15:26
Cash-strapped zinc smelters in China have brought forward and extended their planned maintenance to avoid further squeezes to margins as a result of softer treatment charges (TC), tight concentrate supply and low zinc prices, multiple sources told Metal Bulletin.
Categories: Metals Industry News

CESCO - INTERVIEW: Private equity targeting copper mining after majors wilt on capex

Wed, 04/18/2018 - 14:58
Private equity funds are looking to capitalize on gaps in the copper supply pipeline by investing in small-scale mining projects, Pala investments managing partner Stephen Gill told Metal Bulletin.
Categories: Metals Industry News

PT Timah still to renew Indonesian export permit, no shipments since March 20

Wed, 04/18/2018 - 13:25
Indonesia’s PT Timah, the world’s third largest tin smelter and the largest supplier of 99.9% consumer grade tin to the physical market, has not exported tin since March 20 due to an impasse over permitting, an informed source at the company told Metal Bulletin.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: Shanghai nickel premiums fall to 9-month low; Europe, US nickel premiums stable

Wed, 04/18/2018 - 13:10
Nickel premiums in Shanghai fell to their lowest since July 2017 on a bigger negative arbitrage and concerns over potential sanctions on Nornickel, with US premiums stable on strong demand and Europe premiums unchanged while traders watch for potential sanctions.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 18/04: Rio Tinto’s Q1 output; start of Metro’s Bauxite Hills mining; EU’s Mar auto sales

Wed, 04/18/2018 - 12:25
The latest metal markets news and price moves to start the North American day on Wednesday April 18.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 18/04: Copper, aluminium, zinc, nickel

Wed, 04/18/2018 - 11:39
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 18*
Categories: Metals Industry News

LIVE FUTURES REPORT 18/04: LME nickel price hits three-year high; aluminium surge continues

Wed, 04/18/2018 - 11:18
Base metals on the London Metal Exchange found support during morning trading on Wednesday April 18, with nickel prices climbing to their highest price since February 2015.
Categories: Metals Industry News


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