Base Metal Stock Articles

Australia's Altura makes first two lithium sprodumene shipments to China

November 06, 2018 / Staff reporter

Australian lithium spodumene producer Altura Mining shipped about 10,000 tonnes of lithium spodumene from Port Hedland in Western Australia to China in October 2018, the company has said.Altura announced on October 31 that it had despatched two cargoes each of around 5,000 tonnes of lithium spodumene to China, on October 9 and October 20. The material came from the company's Pilgangoora lithium mi...Read More

Neometals' lithium spodumene production up slightly in Q3 2018

November 06, 2018 / Staff reporter

Australian lithium spodumene miner Neometals reported that it had achieved slightly higher production volumes in the July-September quarter in a results statement published on Wednesday October 31.Neometals increased its output by about 1.68%, producing 111,023 tonnes of lithium spodumene in the quarter, compared with 109,183 tonnes produced in April-June.Output of higher-grade lithium spodumene (...Read More

Tawana lithium spodumene production up by 63% in Q3 2018

November 06, 2018 / Staff reporter

Lithium spodumene miner Tawana Resources reported a quarter-on-quarter production increase of 63% from operations at Bald Hill in Western Australia in July-September this year, in a results statement for the third quarter published on Wednesday October 31.The Australian miner produced 28,419 tonnes of lithium spodumene in the quarter ended on September 30, compared with 17,403 tonnes in the previo...Read More

GLOBAL TUNGSTEN WRAP: European ferro-tungsten prices weaken; APT market quiet

November 06, 2018 / Staff reporter

Ferro-tungsten prices in Europe dropped on good material availability last week, while the ammonium paratungstate (APT) market was quiet with little spot business concluded and the market awaiting further direction. APT prices edge down in China; European prices stable amid little spot activity Ferro-tungsten prices fall in Europe on good material availability Concentrates market under pressure fr...Read More

TURKEY FERROUS SCRAP: Auto bundle prices fall as lira gains strength

November 06, 2018 / Staff reporter

Turkish domestic auto bundle scrap prices have gone down in line with falling domestic rebar prices, while ship scrap prices have risen thanks to strong imported scrap values, sources said on Monday November 5.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-1,940 ($322-357) per tonne delivered, widening downward from last week's TRY1,830-1,940 per tonne....Read More

IRON ORE DAILY: Prices rebound amid train derailment in Australia

November 06, 2018 / Staff reporter

Seaborne iron ore prices strengthened on Monday November 5 amid fears of supply disruptions in Australia.MB 62% Fe Iron Ore Index: $75.74 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.77 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.30 per tonne cfr Qingdao, up $2.34 per tonne.MB 58% Fe Premium Index: $66.92 per tonne cfr Q...Read More

COKING COAL DAILY: Seaborne market steady amid unchanged offers

November 06, 2018 / Staff reporter

The seaborne coking coal spot market was largely stable on Monday November 5 with sellers still unwilling to budge from their offers just yet.A cargo of branded materials was traded on Global Coal at $216.50 per tonne fob Australia late last Friday, market sources told Fastmarkets.This is $7.50 per tonne lower than the price for a cargo of the same brand of materials that was sold last week, accor...Read More

China AM: Steel, steelmaking raw materials futures move in opposite directions

November 06, 2018 / Staff reporter

Ferrous futures in China registered mild movements during morning trading on Monday November 5, with the impact of winter steelmaking restrictions and the potential for easing tensions between the country and the United States being factors to watch out for over the rest of the month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,034 yuan ($585) per tonne, down...Read More

SILICON SNAPSHOT: Thin trading conditions keep Chinese export price rangebound; European price stable with improved sentiment

November 06, 2018 / Staff reporter

Key data from the pricing sessions in London and Shanghai on Friday November 2. China  The Chinese silicon export price remained stable week on week amid slow spot trading activities.  Consumers are waiting on the sidelines due to ample inventories, while most Chinese export traders are not in rush to sell on anticipation of tightening supply during the approaching the dry season when re...Read More

GLOBAL ANTIMONY WRAP: China price dips further on bearish sentiment; weak demand in Europe

November 06, 2018 / Staff reporter

Global antimony prices continued to trade under pressure in both China and Europe amid weak demand, despite a new round of environmental inspections beginning in Hunan province last week.In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,500-51,000 yuan ($7,241-7,312) per tonne on Wednesday October 31, down 1% from 51,000-51,500 yuan per...Read More

Cobalt prices continue steady run as parties focus on long-terms

November 06, 2018 / Staff reporter

Spot cobalt prices held steady in the first few days of November trading, although trade remained thin as consumers focused on locking in their 2019 requirements in preference to anythingmore than essential spot top-ups. Fastmarkets MB assessed low-grade cobalt prices at $33.50-34.45 per lb and high-grade cobalt prices at $33.50-34.45 per lb, in-warehouse, on Friday November 2, both unch...Read More

INFOGRAPHIC: China cobalt sulfate prices mostly under pressure in 2018

November 06, 2018 / Staff reporter

Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More

Trade log November 2018: Cobalt Sulfate

November 06, 2018 / Staff reporter

Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Metal Bulletin prices...Read More

UC Rusal Q3 revenue jumps 19% on sales recovery

November 06, 2018 / Staff reporter

UC Rusal saw an 18.6% year-on-year increase in its third-quarter earnings due to a recovery in sales after the extension of the company's general licenses by the United States Department of Treasury, the aluminium producer said.The company's quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) rose to $2.92 billion in the July-September 2018 period, up from $2.46 billi...Read More

Market Summary: Expect more ebb and flow in risk sentiment

06 November 2018 / Staff reporter

Expect more ebb and flow in risk sentiment The run up in prices at the end of last week was triggered by hopes that a US-China trade deal may be arranged before too long. We have seen this before as hopes are briefly raised. But, once again, the improvement in sentiment was short-lived. However, it is a reminder of how metal prices are being held down by risk-off sentiment in large part due to ong...Read More

Aluminium: Slipping away

06 November 2018 / Staff reporter

LME prices down to their lowest...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 a...Read More

Technical analysis: Consolidation

06 November 2018 / Staff reporter

Aluminium LME aluminium prices continue to consolidate ahead...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 d...Read More

Copper: Price rebound to continue into year-end

06 November 2018 / Staff reporter

In this week’s analysis, we identify...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...Read More

Lead: Building a base

06 November 2018 / Staff reporter

36,275 tonnes of cancelled warrants...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

Nickel: Our nickel view versus consensus

06 November 2018 / Staff reporter

Last week, we published our quarterly consensus price...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...Read More

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