Base Metal Stocks Articles

LIVE FUTURES REPORT 22/05: LME lead up 2.6%; tin continues to dip

May 22, 2018 / Hassan Butt

Base metals on the London Metal Exchange were mixed at the close of trading on Tuesday May 22, with lead, copper and nickel prices rallying higher amid struggling performances elsewhere in the complex. Edging 2.6% higher, lead's three-month is leading the complex's gains, breaking above the resistance level at $2,400 per tonne.The metal is finding support from the open arbitrage between the LME an...Read More

GLOBAL VANADIUM WRAP: Chinese export prices continue to decline on thin trading; European market follows downward

May 22, 2018 / Anna Xu

Chinese vanadium export prices continued to register declines after exporters lowered their offers in order to drum up buying interest, while European vanadium prices again followed the downtrend in the Chinese market. Chinese export prices soften on thin trading European vanadium prices remain under pressure amid profit-taking US FeV market grinds to a halt, prices flatThe Chinese vanadium expor...Read More

GLOBAL VANADIUM WRAP: Chinese export prices continue to decline on thin trading; European market follows downward

May 22, 2018 / Anna Xu

Chinese vanadium export prices continued to register declines after exporters lowered their offers in order to drum up buying interest, while European vanadium prices again followed the downtrend in the Chinese market. Chinese export prices soften on thin trading European vanadium prices remain under pressure amid profit-taking US FeV market grinds to a halt, prices flatThe Chinese vanadium expor...Read More

Manganese flake prices set to rally on production cuts at Ningxia Tianyuan - sources

May 22, 2018 / Anna Xu

The rally in manganese flake prices is likely to resume after production cuts at Ningxia Tianyuan, the world's biggest manganese flake producer, market participants told Metal Bulletin. Ningxia Tianyuan has reduced manganese flake output by around 16,000 tonnes per month due to one of its three facilities closing down for maintenance, a source at the company told Metal Bulletin. Ningxia Tianyuan h...Read More

DAILY SCRAP REPORT: Turkish mills struggle with weak lira, finished steel demand

May 22, 2018 / Cem Turken

The Turkish deep-sea scrap market remained silent on Tuesday May 22, with mills still looking for lower prices.The mills continue to struggle with the weakness of the lira against the US dollar, which is affecting the local market very badly, while the demand for finished steel in the export markets was also sluggish, according to market sources.Turkish mills booked only three deep-sea cargoes las...Read More

LIVE FUTURES REPORT 22/05: Comex copper price extends ascent

May 22, 2018 / Dalton Barker

Comex copper maintained optimism through to the US morning on Tuesday May 22 with the red metal trading at the highest point since late April. Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 3.95 cents or 1.4% to $3.1380 per lb. The contract hit a high of $3.1430, the strongest point since...Read More

METALS MORNING VIEW 22/05: Metals prices consolidate after Monday's gains

May 22, 2018 / William Adams

Three-month base metals prices on the London Metal Exchange were little changed to weaker on the morning of Tuesday May 22, with prices down by an average of 0.3%. This was skewed, however, by losses of around 0.6% in aluminium, nickel and zinc. Copper was off by 0.1% at $6,894 per tonne.Volume on the LME has been average with 5,183 lots traded as at 07.02 am London time. This follows a strong per...Read More

Market Summary: "On hold"

22 May 2018 / Staff reporter

“On...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.S...Read More

Tech Talk for Tuesday May 22nd 2018

22/05/2018 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Micron jumped $3.24 to $58.72 after announcing a $10 billion share buyback program. The company also announced an arrangement to provide specialty chips to Intel. Adobe (ADBE $238.10) is expected to open higher after announcing an $8 billion extension to its share buyback program.Macy's a...Read More

Aluminium: Adjusting well

22 May 2018 / Staff reporter

Available aluminium LME inventory surged last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest i...Read More

SMM Evening Comments (May 22)

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday May 22. SHFE lead continued to lead an increase of over 2%, and copper and tin edged up. SHFE zinc lost 1.3%, aluminium dropped over 1% and nickel slid close to 1%.The ferrous complex registered another day of weak performance. Iron ore fell 2.6%, coke dropped over 2%, rebar slid over 1%, hot-rolled coil los...Read More

SMM Evening Comments (May 22)

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday May 22. SHFE lead continued to lead an increase of over 2%, and copper and tin edged up. SHFE zinc lost 1.3%, aluminium dropped over 1% and nickel slid close to 1%.The ferrous complex registered another day of weak performance. Iron ore fell 2.6%, coke dropped over 2%, rebar slid over 1%, hot-rolled coil los...Read More

SMM Evening Comments (May 22)

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday May 22. SHFE lead continued to lead an increase of over 2%, and copper and tin edged up. SHFE zinc lost 1.3%, aluminium dropped over 1% and nickel slid close to 1%.The ferrous complex registered another day of weak performance. Iron ore fell 2.6%, coke dropped over 2%, rebar slid over 1%, hot-rolled coil los...Read More

Cobalt 27 signs streaming deal for Ramu cobalt, nickel

May 22, 2018 / Charlotte Radford

Canada-based minerals supplier Cobalt 27's Electric Metals Streaming subsidiary has entered a metal purchase and sale agreement with Ramu Nickel (RNL) for cobalt and nickel produced at the Ramu mine in Papua-New Guinea, Metal Bulletin has learned.Under the agreement, Cobalt 27 will have the right to purchase 55% of RNL's share of cobalt metal produced at Ramu, and 27.5% of its nickel, for the life...Read More

Technical analysis: Mixed bag

22 May 2018 / Staff reporter

Aluminium LME aluminium has failed in several attempts to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus down...Read More

Power grid investments down 24.1% YoY in Jan-Apr

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – China invested 99.3 billion yuan in power grid projects in the first four months of this year, down 24.1% year on year, according to data from the China Electricity Council.Planned investment in 2018 by the State Grid is 7.1% higher than in 2017. Thus, SMM expects investment in power grid projects to grow the rest of the year. For editorial queries, please...Read More

Power grid investments down 24.1% YoY in Jan-Apr

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – China invested 99.3 billion yuan in power grid projects in the first four months of this year, down 24.1% year on year, according to data from the China Electricity Council.Planned investment in 2018 by the State Grid is 7.1% higher than in 2017. Thus, SMM expects investment in power grid projects to grow the rest of the year. For editorial queries, please...Read More

Power grid investments down 24.1% YoY in Jan-Apr

May 22 2018 / Staff reporter

SHANGHAI, May 22 (SMM) – China invested 99.3 billion yuan in power grid projects in the first four months of this year, down 24.1% year on year, according to data from the China Electricity Council.Planned investment in 2018 by the State Grid is 7.1% higher than in 2017. Thus, SMM expects investment in power grid projects to grow the rest of the year. For editorial queries, please...Read More

Copper: Price strength delayed until H2

22 May 2018 / Staff reporter

Bulls de-risk LME copper came under...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More

Cobalt prices fall again on slow buying, cheaper offers

May 22, 2018 / Charlotte Radford

Cobalt prices continued to slide last week as muted buying activity and uncertainty over market direction met cheaper offers from last year's opportunistic buyers. Metal Bulletin's benchmark price assessment for low-grade cobalt was $42.85-43.85 per lb, in-warehouse, on Friday May 18, down 0.57% over the course of the week. High-grade cobalt prices settled at $42.85-44 per lb on Friday, down...Read More

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