Base Metal Stocks Articles

LIVE FUTURES REPORT 26/07: LME base metals prices firm on easing trade concerns

July 26, 2018 / Hassan Butt

Base metals prices on the London Metal Exchange were marginally higher across the board at the close of trading on Thursday July 26, bolstered by easing trade tensions after the United States and European Union agreed to negotiate tariffs on industrial goods. ...Read More

TURKEY STEEL BILLET: Turkish buyers focus on scrap, prices stable

July 26, 2018 / Cem Turken

Turkish prices for steel billet have remained stable over the past week because of sluggish demand and mills' current interest in scrap feedstocks, sources told Metal Bulletin on Thursday July 26....Read More

TURKEY LONG STEEL: Prices slightly up to counter weakening lira

July 26, 2018 / Cem Turken

Turkish domestic rebar prices have inched up over the past week with a slight recovery being most evident in the Iskenderun region, sources said on Thursday July 26....Read More

NORTH AMERICAN MORNING BRIEF 26/07: Novelis to buy Aleris; Vale Q2 iron ore output up; FMG iron ore shipments

July 26, 2018 / Alice Mason

The latest metal markets news and price moves to start the North American day on Thursday July 26. ...Read More

EUROPEAN MORNING BRIEF 26/07: SHFE base metals prices broadly down; M&A activity down in Q2; COBC gets cobalt, Cu export trading license

July 26, 2018 / Susan Zou

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday July 26.Base metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Thursday, with investors' concerns over the ongoing trade war keeping the complex under pressure. Check Metal Bulletin's live futures report here.Deal activity in the metals sector...Read More

PEOPLE MOVES: Base metals trader Pascal Tran leaves SocGen

July 26, 2018 / Hassan Butt

Pascal Tran has left his position as a base metals trader at Soci?(C)t?(C) G?(C)n?(C)rale, Metal Bulletin understands. ...Read More

CHINA STEEL SPOTLIGHT: HRC, wire rod production up in June despite production cuts

July 26, 2018 / Alistair Ramsay

Hot-rolled flat steel and wire rod production volumes in China were up in June despite production cuts. ...Read More

FOCUS: Mid-1990s deal means Indonesia won't own Grasberg copper any time soon

July 26, 2018 / Archie Hunter

Indonesia will have to wait until 2023 to see a share of copper from Grasberg, despite having agreed to pay $3.85 billion to gain a majority stake in the mine. Indonesian state mining and manufacturing firm Inalum is set to complete the purchase of 51% of Grasberg copper mine later this year, buying out Rio Tinto's 40% shareholding and paying current majority holder Freeport for the remainder...Read More

LIVE FUTURES REPORT 26/07: LME base metals prices firm on easing trade concerns

July 26, 2018 / Hassan Butt

Base metals prices on the London Metal Exchange were marginally higher across the board at the close of trading on Thursday July 26, bolstered by easing trade tensions after the United States and European Union agreed to negotiate tariffs on industrial goods. ...Read More

LIVE FUTURES REPORT 26/07: Comex copper rally pauses, dollar ticks higher

July 26, 2018 / Dalton Barker

Comex copper prices were very steady in morning trading on Thursday July 26, with the market processing the latest news on the trade war front....Read More

IRON ORE DAILY: Trading thins amid China's steel production restrictions

July 26, 2018 / July Zhang

Trading activity in the physical iron ore market cooled further on Thursday July 26 amid China's lackluster steel and futures markets, as well as production restrictions in the country's steelmaking hub....Read More

DAILY SCRAP REPORT: Indices tick down less than $1 on fresh US cargo

July 26, 2018 / Cem Turken

Turkish deep-sea scrap import prices have remained largely stable in recent sales and no recovery was expected any time soon, sources said on Thursday July 26....Read More

Teck cuts Trail refined lead forecast on tighter concentrates feed

July 26, 2018 / Andrea Hotter

Teck Resources has lowered its forecast for refined lead production at its Trail operations, citing limited concentrate feed availability following disruptions at its suppliers. ...Read More

US, EU to 'resolve' metal tariffs tiff -US Treasury's Mnuchin

July 26, 2018 / Michael Roh

The United States and European Union will work together to quickly "resolve" the discord created by the Section 232 steel and aluminium tariffs and subsequent retaliatory tariffs, US Treasury Secretary Steven Mnuchin said....Read More

Teck seeking additional partner for Quebrada Blanca Phase 2 copper project

July 26, 2018 / Andrea Hotter

Teck Resources is planning to secure an additional partner for the development of a new resource at the Quebrada Blanca copper mine in Chile with the goal of eventually reducing its own stake to 60-70%. ...Read More

LIVE FUTURES REPORT 26/07: Comex copper rally pauses, dollar ticks higher

July 26, 2018 / Dalton Barker

Comex copper prices were very steady in morning trading on Thursday July 26, with the market processing the latest news on the trade war front....Read More

FOCUS: Mid-1990s deal means Indonesia won't own Grasberg copper any time soon

July 26, 2018 / Archie Hunter

Indonesia will have to wait until 2023 to see a share of copper from Grasberg, despite having agreed to pay $3.85 billion to gain a majority stake in the mine. Indonesian state mining and manufacturing firm Inalum is set to complete the purchase of 51% of Grasberg copper mine later this year, buying out Rio Tinto's 40% shareholding and paying current majority holder Freeport for the remainder...Read More

Novelis to buy Aleris for $2.6 billion [UPDATED]

July 26, 2018 / Justin Yang

Novelis, a subsidiary of India's Hindalco, has agreed to buy US-based downstream aluminium producer Aleris for $2.6 billion, it said on Thursday July 26. ...Read More

PEOPLE MOVES: Base metals trader Pascal Tran leaves SocGen

July 26, 2018 / Hassan Butt

Pascal Tran has left his position as a base metals trader at Soci?(C)t?(C) G?(C)n?(C)rale, Metal Bulletin understands. ...Read More

Uncertainty hits US flat-rolled steel import prices

July 26, 2018 / Michael Cowden

Prices for foreign hot-rolled coil and plate imported into the United States have dipped on demand concerns and the potential for an easing in Section 232 tariffs, market sources said....Read More

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