The latest metal markets news and price moves to start the North American day on Wednesday February 28. Lead prices on the London Metal Exchange recorded the biggest drop during morning trading following a large stock delivery into LME warehouses. Some 12,375 tonnes were delivered into LME-listed warehouses in Antwerp - taking on-warrant stock levels to 20,250 tonnes. This is the largest lead infl...Read More
Lead prices on the London Metal Exchange recorded the biggest drop during morning trading on Wednesday February 28 following a large stock delivery into LME warehouses. Some 12,375 tonnes were delivered into LME-listed warehouses in Antwerp - taking on-warrant stock levels to 20,250 tonnes. This is the largest lead inflow into Antwerp since 19,900 tonnes were delivered on July 14, 2014. "The deliv...Read More
Key data from the Wednesday February 28 pricing session in Europe.Gallium Metal MB free market $/kg Key drivers: - Suppliers are reluctant to sell on anticipation of higher prices in the near term, which means there is less metal available in the spot...Read More
The following Metal Bulletin minor metals prices changed on Wednesday February 28:Minor metals Antimony MB free market regulus, $/tonne: $8,650-8,800 per tonne from $8,500-8,800 Antimony MMTA standard grade II, $/tonne: $8,600-8,800 per tonne from $8,400-8,800 Cadmium MB free market min 99.95%, cents/lb: 135-145 cents per lb from 130-140 Cadmium MB free market min 99.99%, cents/lb: 140-155...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Chinese cobalt producer GEM posted a strong net profit in 2017 against a backdrop of robust sales of battery materials and higher cobalt prices, according to the company's preliminary earnings report released on Tuesday February 27.The Shenzhen-listed company achieved a net profit of 602.8 million yuan ($95.5 million) last year, an increase of more than 125% from the 263.7 million yuan profit post...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday February 28:Aluminium ingot LM6/LM25 gravity diecasting ingot, ?/tonne:...Read More
China's steel purchasing managers' index (PMI) fell into contraction territory in February after nine months of expansion.The index fell 1.4 points to 49.5 points in comparison with that for January, according to data released by the China Federation of Logistics & Purchasing (CFLP) on Wednesday February 28.Business activity in the steel industry thinned...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More