Base metal stocks Articles

Zinc Spot Premiums Shrink Further in Shanghai, SMM Reports

Jul 18 2017 / Staff reporter

SHANGHAI, Jun. 18 (SMM) - Spot premiums for regular #0 zinc in Shanghai contracted 50 over August zinc on the Shanghai Futures Exchange (SHFE) on July 18, SMM reported.ILZSG: World Zinc Deficit Intensifies despite Big Growth in Output January-May#0 zinc prices in Shanghai were 30 yuan per tonne below or 200 yuan per tonne above SHFE August zinc.Hubei Finds Massive Copper, Iron Ore Reserves in Firs...Read More

Metals strong when spreads point to tightness

Jul 18 2017 / Staff reporter

UNITED KINGDOM July 18 2017 10:25 AMLONDON (Scrap Register): Metals are among the commodities that tend to fare best when time spreads suggest market tightness, said Goldman Sachs.According to the bank analysts, the physical nature of commodities has always been the cornerstone of our research framework. Lower inventory levels tend to lead to more backwardated futures curves for both oil and coppe...Read More

Canada Takes Top Spot In Global Mining's Exploration Budget - PwC Report

Jul 18 2017 / Staff reporter

Anna Golubova Monday July 17, 2017 15:58Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.Canada was the clear leader when it came to mining exploration last year, reporting the biggest budget than any other country, PricewaterhouseCoopers (PwC) said in its Mine 2017 report."Exploration...Read More

Metals strong when spreads point to tightness

Jul 18 2017 / Staff reporter

UNITED KINGDOM July 18 2017 10:25 AMLONDON (Scrap Register): Metals are among the commodities that tend to fare best when time spreads suggest market tightness, said Goldman Sachs.According to the bank analysts, the physical nature of commodities has always been the cornerstone of our research framework. Lower inventory levels tend to lead to more backwardated futures curves for both oil and coppe...Read More

SMM Tells Why Deadlock Persists in Shanghai Imported Copper Market

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - The deadlock continued between sellers and buyers in Shanghai bonded zone copper market last week, with wait-and-see sentiment still strong, SMM learned.On the one hand, contango on the LME narrowed to around $ 6/tonne, bringing some pressure to sellers. However, no heavy selloffs were reported since many traders expect contango to return to around $ 10/tonne. Is CSPT's...Read More

India Nickel Scrap prices advance further; Nickel Futures gain 3.57 percent

Jul 18 2017 / Staff reporter

INDIA July 17 2017 5:38 PMMUMBAI (Scrap Register): India's major nickel scrap prices advanced further on the Scrap Register Price Index as on Friday, while nickel futures prices at India's Multi Commodity Exchange gained by 3.57 percent boosted by encouraging economic reports from top consumer China.The major nickel scrap commodities like Nickel Plate (4x24), Nickel Plate (9x9) and Nickel Russ...Read More

Canada Takes Top Spot In Global Mining's Exploration Budget - PwC Report

Jul 18 2017 / Staff reporter

Anna Golubova Monday July 17, 2017 15:58Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.Canada was the clear leader when it came to mining exploration last year, reporting the biggest budget than any other country, PricewaterhouseCoopers (PwC) said in its Mine 2017 report."Exploration...Read More

Canada Takes Top Spot In Global Mining's Exploration Budget - PwC Report

Jul 18 2017 / Staff reporter

Anna Golubova Monday July 17, 2017 15:58Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.Canada was the clear leader when it came to mining exploration last year, reporting the biggest budget than any other country, PricewaterhouseCoopers (PwC) said in its Mine 2017 report."Exploration...Read More

Rising Coke Price Pushes up Low-Grade NPI, SMM Reports

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - Low-grade NPI price in China's domestic market is rising along with higher coke price, Shanghai Metals Market survey finds. Nickel Price to Hover at Highs, SMM ForeseesSMM learns that one low-grade NPI producer in Shandong set ex-works price at 2,800 yuan per tonne (including tax), and arranged production schedule based on orders. Another producer in Shandong's Weifang,...Read More

ILZSG: World Zinc Deficit Intensifies Remarkably despite Big Growth in Output January-May

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - International Lead & Zinc Study Group (ILZSG) reported global zinc supply deficit expanded to 178,000 tonnes during January-May, compared to 133,000 tonnes deficit in the same period of 2016, according to wenhua.com.Global zinc ore production increased 6.3% on a yearly basis to 5,375,000 tonnes during January-May.Zinc Prices to Stay at High Levels This Week, SMM ForeseesG...Read More

Hubei Finds Massive Copper, Iron Ore Reserves in First Half

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - Hubei Province discovered massive copper, iron and phosphorite reserves in the first half of 2017, local paper reported.ILZSG: World Zinc Deficit Intensifies despite Big Growth in Output January-MayAccording to estimation, about 62,600 tonnes of copper reserves and 9.48 million tonnes of iron ore were found. Besides, a large phosphorite deposit with 235 million tonnes of...Read More

LME Nickel Price to Fluctuate at Highs (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - China's major economic indicators are upbeat. The US dollar weakened, and crude oil stabilized at lows. Fundamentals are largely unchanged for nickel. LME nickel will hover at highs today and any upward momentum will weaken. SHFE 1709 nickel should hover between RMB 78,50-80,000/mt, with spot prices between RMB 78,000-80,800/mt. Read More

Key Macroeconomic Indicators for Base Metal Prices (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - UK's annualized June CPI and retail sales, ZEW economic climate index in eurozone for July and US imported goods price index will be released today. The US dollar slumped overnight. Market confidence has not improved. The US dollar should remain weak unless there is positive news. Base metals were strong during Asian trading hours, but fell later the day.Consumers are fac...Read More

Key Macroeconomic Indicators for Base Metal Prices (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - UK's annualized June CPI and retail sales, ZEW economic climate index in eurozone for July and US imported goods price index will be released today. The US dollar slumped overnight. Market confidence has not improved. The US dollar should remain weak unless there is positive news. Base metals were strong during Asian trading hours, but fell later the day.Consumers are fac...Read More

North American Copper and Stainless Steel scrap prices rose marginally 14th July, 2017

Jul 18 2017 / Staff reporter

By Carolina CurielTORONTO (Scrap Monster): The North American copper scrap prices were mostly unchanged on ScrapMonster Price Index as on July 14th, Friday. Aluminum and Steel scrap prices witnessed no change on Index. Copper scrap and Stainless Steel scrap prices saw marginal rise, whereas Brass scrap and Bronze scrap prices held steady on Index over the previous day.Copper Scrap PricesThe price...Read More

India Brass, Copper Scrap prices gain further in line with the firmness in Copper Futures

Jul 18 2017 / Staff reporter

INDIA July 17 2017 4:27 PMNEW DELHI (Scrap Register): India's major brass and copper scrap prices gained further on the Scrap Register Price Index as on Friday in line with the firmness in copper futures prices at India's Multi Commodity Exchange after upbeat Chinese economic data dampened fears of a slowdown in the metal's largest market.India's major brass and copper scrap commod...Read More

LME Copper to Move at Highs (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) -LME copper will move at highs of USD 5,980-6,030/mt on positive technical side and rising risk appetite. SHFE 1709 copper failed to break through RMB 48,000/mt overnight and may fall back to RMB 47,700-48,100/mt. In domestic spot market, spot discounts will widen to RMB 70-140/mt. Key Macroeconomic Indicators for Base Metal Prices (2017-7-18) Read More

Key Macroeconomic Indicators for Base Metal Prices (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - UK's annualized June CPI and retail sales, ZEW economic climate index in eurozone for July and US imported goods price index will be released today. The US dollar slumped overnight. Market confidence has not improved. The US dollar should remain weak unless there is positive news. Base metals were strong during Asian trading hours, but fell later the day.Consumers are fac...Read More

METALS MORNING VIEW 18/07: Higher prices attract selling as Europe opens

July 18, 2017 / William Adams

Base metals prices on the London Metal Exchange have started to weaken as European trading gets underway with three-month prices off by an average of 0.2% this morning, Tuesday July 18. Zinc prices are off the most with a 0.7% decline to $2,800.5per tonne and copper prices are off 0.4% at $5,982 per tonne.Tin prices are bucking the trend with a 0.2% increase to$19,945 per tonne. Volume has picked...Read More

COMMENT: LME market structure changes; or how to tackle the rise of the machines

July 18, 2017 / Martin Hayes

Time has now been called for input to the far-ranging Market Structure Discussion Paper that the London Metal Exchange sent out to all and sundry in April, so ceo Matt Chamberlain and his team are likely to be busy poring through the feedback. The next step is implementation and perhaps one of the hotpotatoes is how to find common agreement between all sides ofthe metals market and industry over h...Read More