The latest news and price moves to start the Asian day on Thursday August 2. Nickel prices tumbled on the London Metal Exchange on Wednesday August 1, with recent gains unraveling amid a fresh trade rift between the United States and China. Read more in our live futures report.Here are how prices looked at the close of trading: Spot copper concentrate treatment and refining charges (TC/RCs) d...Read More
The latest news and price moves to start the Asian day on Thursday August 2. Nickel prices tumbled on the London Metal Exchange on Wednesday August 1, with recent gains unraveling amid a fresh trade rift between the United States and China. Read more in our live futures report.Here are how prices looked at the close of trading: Spot copper concentrate treatment and refining charges (TC/RCs) d...Read More
Base metals on the London Metal Exchange finished mostly lower at the close of trading on Thursday August 2, pressured by the re-emergence of trade tensions between the United States and China in addition to a seasonal slowdown over the summer period.Falling 2% over the afternoon, nickel prices continue to track lower on macroeconomic factors, while declining stocks, robust demand and a large cont...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
In response to a "harsh business environment", five companies under major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group will integrate and reorganize their welded stainless steel pipe and tube businesses, the group announced on Thursday August 2.The change will take place around April 1, 2019, after Nisshin Steel Co., Ltd becomes a wholly-owned subsidiary of NSSMC. Ni...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
Metal Bulletin will launch a weekly Chinese domestic ex-works battery-grade lithium carbonate index on Thursday August 2 to run in parallel to the existing price assessment, following a successful market consultation. Metal Bulletin launched a market consultation in May to migrate its existing price assessment for battery-grade lithium carbonate, ex-works China, to an index. Despite the overw...Read More
The European Commission (EC) is currently investigating German copper giant Aurubis' proposed sale of its rolled-copper product business to its counterpart Wieland-Werke after the latter failed to dismiss competition concerns, the EC said on Wednesday August 1.The EC will conduct an in-depth investigation until December 10 on whether the takeover will reduce competition in the supply of key copper...Read More
Terms for blister copper refining charges (RCs) in China dropped notably month on month in July while declining copper scrap imports gave rise to additional demand for overseas blister copper.Metal Bulletin assessed the monthly blister copper 98-99% spot RC, cif China, at $200-210 per tonne on July 31, with African tonnages reported sold within the range in July. One major blister copper buyer in...Read More
Members of the main union at Chile's Caserones copper mine have voted to reject its final wage offer, operator Minera Lumina Copper Chile (MLCC) said. The vote took place on Tuesday July 31 and a strike will begin on Wednesday August 7 if no agreement is reached during a four-business day compulsory mediation period, the Japanese-owned...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
In response to a "harsh business environment", five companies under major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group will integrate and reorganize their welded stainless steel pipe and tube businesses, the group announced on Thursday August 2.The change will take place around April 1, 2019, after Nisshin Steel Co., Ltd becomes a wholly-owned subsidiary of NSSMC. Ni...Read More
Turkish steel mills pulled back from the deep-sea scrap markets again on Thursday August 2, keeping prices relatively stable.Mills broke their silence in trading activity on Wednesday when a steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 12,500 tonnes of bonus and 2,500...Read More
Terms for blister copper refining charges (RCs) in China dropped notably month on month in July while declining copper scrap imports gave rise to additional demand for overseas blister copper.Metal Bulletin assessed the monthly blister copper 98-99% spot RC, cif China, at $200-210 per tonne on July 31, with African tonnages reported sold within the range in July. One major blister copper buyer in...Read More
Comex copper prices have extended the latest downturn and are now trading at the lowest point since June 20 on Thursday August 2 morning in the US, due to another round of trade worries. Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 1.55 cents or 0.6% to $2.7320 per lb. The contract also hit a low of $2.7075 per lb.Ongoing trade tensions between t...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday August 2. Zinc led the gains with a 1.3% increase to $2,572 per tonne, while copper was up by 0.7% at $6,168 per tonne.This follows a downbeat day on Wednesday when the complex closed with losses averaging 2.7%, led by a 4.8% drop in nickel and 3.6% fall in zinc. Th...Read More
INTL FCStone Ltd is developing a technology platform designed for its London Metal Exchange customers as it turns its focus to building out its global metals business following an internal restructuring. The company's newly appointed global head of metals Barry Canham told Metal Bulletin in an interview that the technology-led approach for LME clients would be similar to that already adopted for t...Read More
Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More
Metal Bulletin will launch a weekly Chinese domestic ex-works battery-grade lithium carbonate index on Thursday August 2 to run in parallel to the existing price assessment, following a successful market consultation. Metal Bulletin launched a market consultation in May to migrate its existing price assessment for battery-grade lithium carbonate, ex-works China, to an index. Despite the overw...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lbClick here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lbIn li...Read More