Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.Check Metal Bulletin's live futures report here.LME snapshot at 0137 London timeLatest 3M LME Prices Price ($/t) Change since yesterday's close ($)Copper6,171.50-1.5Aluminium2,130.5024.5Lead2,1402.5Zinc2,597-15Tin19515115Nickel13,950-100SHFE snapshot at 0937 S...Read More
The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows....Read More
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More
CIS export billet prices softened somewhat on Thursday August 9 with a lack of supporting factors in the market, Metal Bulletin has heard....Read More
Copper and brass scrap markets in the United States are in a state of flux, with market participants rapidly working to digest how China's 25% blanket tariff on imports of recycled copper from the US will affect domestic pricing....Read More
China's threat to impose import taxes on US copper concentrates looms over the market for mined copper, leaving consumers and traders scrambling to swap cargoes scheduled for Chinese ports, sources directly involved in the trade told Metal Bulletin....Read More
Teck Resources has received environmental approval for the expansion of its Quebrada Blanca copper mine in the Tarapac?? region of northern Chile. ...Read More
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
The latest metal markets news and price moves to start the North American day on Thursday August 9. ...Read More
Aluminium prices on the London Metal Exchange climbed 0.5% during morning trading on Thursday August 9, elevating a buffeted complex following the light metal's 3.2% surge at the close of trading on Wednesday. ...Read More
Prices for US domestic and imported wire rod remained steady despite softening prices for scrap, with sources expecting little change in the near term....Read More
German steelmaker ThyssenKrupp expects prices to remain "stable and high... on the commodity and material markets, with positive income effects" for its Steel Europe business over the rest of its current financial year, which will end on September 30, it said on Thursday August 9....Read More
ArcelorMittal has restarted blast furnace No4 at its Zenica long steel mill in Bosnia & Herzegovina, following a "comprehensive rebuild," equipment provider Danieli Corus said this week....Read More
Turkish domestic rebar prices went up slightly due to the weakening lira over the past week despite only limited demand, sources said on Thursday August 9....Read More
Imported billet prices in Turkey have gone down this week on subdued demand, while domestic prices went up slightly due to the weakness of the lira, sources said on Thursday August 9....Read More
Turkish rebar and wire rod export prices have gone down over the past week in line with the weak demand and falling imported scrap prices, sources said on Thursday August 9....Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
Surging investment across the battery raw materials supply chain, stemming from growing demand for electric vehicles, has fueled an increasing appetite for transparent market intelligence.The spotlight is on lithium especially. Battery technology has evolved to a point of investor and exchange interest, with mass consumer adoption on the cards, but the way the material is priced is yet to make suc...Read More