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LIVE FUTURES REPORT 16/10: Dollar weakness lifts most LME base metals; copper falls 1.3%

Tue, 10/16/2018 - 18:10
Base metals prices on the London Metal Exchange made mixed movements at the close of trading on Tuesday October 16, broadly supported by a weaker US dollar index and a marginal recovery in global equity markets.
Categories: Metals Industry News

Rio Tinto lowers 2018 production guidance for aluminium, warns of financial losses in alumina

Tue, 10/16/2018 - 16:34
Rio Tinto lowered its 2018 guidance for aluminium by more than 4% on Tuesday October 16, to reflect the impact of the ongoing lock-out at the Becancour smelter in Quebec, Canada.
Categories: Metals Industry News

PRICING NOTICE: Correction to SHFE vs LME physical copper arbitrage 16/10

Tue, 10/16/2018 - 16:23
Fastmarkets’ Shanghai-London physical arbitrage calculation for copper was published incorrectly on Tuesday October 16 due to an error in inputting the data.
Categories: Metals Industry News

LME suspends Sterlite's Tuticorin brand cathodes from Jan 16

Tue, 10/16/2018 - 14:45
The London Metal Exchange has suspended delivery of Sterlite Copper's STERLITE T copper cathode brands for delivery from January 16, 2019, it said today on October 16.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/10: Comex copper rally pauses, dollar firm

Tue, 10/16/2018 - 14:14
The price of copper on the Comex exchange in the United States was slightly lower on the morning of Tuesday October 16, with the market unable to sustain the momentum it gained after LME Week in London earlier this month.
Categories: Metals Industry News

BHP increases stake in rising copper junior SolGold for $45mln

Tue, 10/16/2018 - 14:01
The world's largest mining company, BHP, has increased its stake in Ecuador-focused copper junior miner SolGold to 11.2% from 6%, it said in a notice late on Monday October 15.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 16/10: China to suppress 2019 global steel demand; ali stocks fall in Japan; copper concentrate TC/RCs at 1-yr high

Tue, 10/16/2018 - 12:25
The latest metal markets news and price moves to start the North American day on Tuesday October 16.
Categories: Metals Industry News

Eight things we learned at the Dusseldorf aluminium trade show

Tue, 10/16/2018 - 12:12
Here are eight key things Fastmarkets MB learned at the aluminium trade show in Dusseldorf on October 9-11 and during LME Week in London.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 16/10: Copper, aluminium, zinc, nickel

Tue, 10/16/2018 - 11:35
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday October 16*
Categories: Metals Industry News

LIVE FUTURES REPORT 16/10: LME aluminium price dips despite 70kt delivery; lead consolidates yesterday’s gains

Tue, 10/16/2018 - 11:24
London Metal Exchange base metal prices were lower across the board during morning trading on Tuesday October 16, with aluminium’s three-month price largely unaffected by a 70,000 tonne delivery.
Categories: Metals Industry News

MJP aluminium stocks fall 1.7% in September vs August: Marubeni

Tue, 10/16/2018 - 09:45
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama fell 1.7% month on month in September, data released by major Japanese trading house Marubeni Corp on Tuesday October 16 showed.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 16/10: SHFE base metals prices mixed; Cu TC/RCs hit 1-year high; Tuticorin decision delayed

Tue, 10/16/2018 - 06:40
Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday October 16.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/10: SHFE base metals prices mixed on lackluster China data; nickel leads on downside

Tue, 10/16/2018 - 06:30
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday October 16, with the complex in consolidation mode after lackluster China data failed to inspire much-needed confidence in the market.
Categories: Metals Industry News

Copper concentrate TC/RCs hit 1-year high; Chuquicamata outage could herald long market

Mon, 10/15/2018 - 23:31
Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week.
Categories: Metals Industry News

India environment body delays decision on Tuticorin to late November

Mon, 10/15/2018 - 20:25
The fate of the Tuticorin copper smelter in the southern Indian state of Tamil Nadu will be decided at the end of November because more time is required to investigate the allegedly polluting project, local media reported on Monday October 15.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/10: Uptrend continues for LME lead price; zinc falls 1.7%

Mon, 10/15/2018 - 19:00
The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.
Categories: Metals Industry News

LME revisits charge caps, increases fot rates for Germany, Spain, UK

Mon, 10/15/2018 - 18:47
The London Metal Exchange's published charge caps for the 2019-20 period specify increased free-on-truck (fot) rates for Germany, Spain and the United Kingdom, the exchange said in a note to members on Monday October 15.
Categories: Metals Industry News

European aluminium market cautious about next long-term deals

Mon, 10/15/2018 - 18:30
Continued uncertainty about spreads, tariffs and the viability of trade with UC Rusal have pushed participants in the European aluminium market into taking a cautious stance when negotiating next year’s long-term deals.
Categories: Metals Industry News

LME WEEK 2018: INTERVIEW: Impact on flows key in current trade cycle, says BHP exec

Mon, 10/15/2018 - 18:23
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP.
Categories: Metals Industry News

LIVE FUTURES REPORT 15/10: Comex copper rally surges to multi-week high

Mon, 10/15/2018 - 15:27
Comex copper prices rose to a multi-week high in morning trading on Monday October 15 amid a weaker dollar and optimism from LME Week in London last week.
Categories: Metals Industry News

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