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Aluminium market faced a 1.57 mln t deficit in Jan-Nov 2017 - WBMS

Wed, 01/17/2018 - 16:49
The primary aluminium market was in a deficit of 1.57 million tonnes for the first 11 months of last year, driven mainly by soaring demand, the World Bureau of Metal Statistics said on Wednesday January 17.
Categories: Metals Industry News

Alex Stewart becomes LME-approved sampler and analyst

Wed, 01/17/2018 - 16:15
Assaying firm Alex Stewart International Corporation Ltd has been registered as an authorized sampler and analyst (LSA) for the London Metal Exchange, the company said.
Categories: Metals Industry News

PEOPLE MOVES: ex-LME executive Oliver Nugent joins ING

Wed, 01/17/2018 - 15:25
Oliver Nugent, who previously worked on base metals business development at the London Metal Exchange, has joined ING Bank as a commodities strategist, Metal Bulletin has learned.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/01: Comex copper retreat extends into midweek session

Wed, 01/17/2018 - 15:15
Comex copper prices declined for the fourth consecutive session on Wednesday January 17 morning in the US, with the red metal facing a strong bout of speculative selling.
Categories: Metals Industry News

NORTH AMERICAN MORNING BRIEF 17/01: LME base metals consolidate; Nornickel secures three long-term contracts; iron ore prices continue fall

Wed, 01/17/2018 - 13:25
The latest metal markets news and price moves to start the North American day on Wednesday January 17.
Categories: Metals Industry News

GLOBAL ZINC & LEAD WRAP: Zinc premium stable as trade stagnates amid backwardation; lead up in US, Asian locations

Wed, 01/17/2018 - 13:08
Zinc premiums remained stable across global markets, with the backwardation in London Metal Exchange zinc spreads and high prices choking interest, while the premium for 99.99% lead ingots in the United States saw the first adjustment in four months.
Categories: Metals Industry News

Nornickel secures three Chinese deals for long-term nickel contracts; other buyers hold out

Wed, 01/17/2018 - 11:48
Three trading firms have accepted Nornickel’s 2018 long contract premium offer of at least $300 per tonne for nickel full plates cif China while the majority of customers are still holding off due to falling spot premiums and the increased cost of importing cargo, Metal Bulletin understands.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/01: LME base metals consolidating; 2018 bullishness takes a back seat

Wed, 01/17/2018 - 10:28
Base metals prices on the London Metal Exchange were little changed during morning trading on Wednesday January 17, with prices looking to consolidate after Tuesday’s sell off.
Categories: Metals Industry News

GLOBAL NICKEL WRAP: China’s premiums lower on sustained import loss; European market steady; US melting grade ticks up

Wed, 01/17/2018 - 10:06
Nickel premiums in China moved down this week due to continued import arbitrage losses and lower buying interest, while those in Europe held steady at high levels and US melting grade premiums rose on stronger demand at least in the short term.
Categories: Metals Industry News

SHFE vs LME physical arbitrage 17/01: Copper, aluminium, zinc, nickel

Wed, 01/17/2018 - 09:37
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday January 17*
Categories: Metals Industry News

GLOBAL TIN WRAP: Premiums in Europe, Singapore rise on tightened supply due to lower Indonesian exports

Wed, 01/17/2018 - 08:15
Tin premiums in Europe and Singapore rose in the week ended Tuesday January 16, with the premium for European low-lead tin rising almost 20% week on week amid tightness in the market stemming from a lack of exported material from Indonesia due to permit delays.
Categories: Metals Industry News

EUROPEAN MORNING BRIEF 17/01: SHFE aluminium, copper prices succumb to selling pressure; US aluminium premium jumps; US copper premiums stable

Wed, 01/17/2018 - 05:45
Good morning from Metal Bulletin’s office in Shanghai, as we bring you the latest news and pricing stories on Wednesday January 17.
Categories: Metals Industry News

LIVE FUTURES REPORT 17/01: SHFE aluminium, copper prices succumb to selling pressure; zinc, lead supported

Wed, 01/17/2018 - 05:00
Base metals prices on the Shanghai Futures Exchange were in two camps during Asian morning trading on Wednesday January 17, with zinc, lead and tin prices posting marginal gains, while the others pushed lower.
Categories: Metals Industry News

GLOBAL COPPER WRAP: Premiums flat in US, Europe; Chinese market weakens further

Wed, 01/17/2018 - 04:15
Copper premiums in the United States and Europe were stable this past week amid thin spot market activity, while Chinese premiums weakened further with demand remaining slow.
Categories: Metals Industry News

GLOBAL ALUMINIUM WRAP: Jump in US premium bolsters bullish sentiment in global market

Wed, 01/17/2018 - 03:15
A 9% jump in the US Midwest-delivered premium this week has further fueled a bullish sentiment in the global aluminium market.
Categories: Metals Industry News

ASIAN MORNING BRIEF 17/01: LME base metals largely fall but tin rallies; Comex copper sinks; Codelco's Potrerillos copper smelter halts operations

Wed, 01/17/2018 - 00:05
The latest news and price moves to start the Asian day on Wednesday January 17.
Categories: Metals Industry News

WEEKLY BASE METAL PREMIUMS REPORT 16/01

Tue, 01/16/2018 - 20:35
A summary of base metals premiums across the globe for the week to Tuesday January 16.
Categories: Metals Industry News

Rio Tinto’s third party bauxite shipments up 10% in 2017

Tue, 01/16/2018 - 19:37
Rio Tinto’s shipment volumes of third-party bauxite rose by 10% year-on-year in 2017 to 32.3 million tonnes.
Categories: Metals Industry News

LIVE FUTURES REPORT 16/01: LME base metals erase Monday’s gains; tin bucks lower trend

Tue, 01/16/2018 - 17:30
Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 16, however tin prices shocked the complex by rallying $170 per tonne.
Categories: Metals Industry News

Codelco's Potrerillos copper smelter halts operations due to technical issues

Tue, 01/16/2018 - 16:00
Operations at Codelco’s Potrerillos copper smelter in Chile’s Atacama region have been suspended due to a problem at an absorption tower, the state-owned miner confirmed to Metal Bulletin.
Categories: Metals Industry News

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