Base Metal Stock Articles

2018 PREVIEW: Expect more imports, upstream investment and supply deals as China's ferro-chrome supply grows

January 03, 2018 / Janie Davies

China will increase sourcing of chrome ore to support its ferro-chrome production growth. Chinese domestic ferro-chrome output will continue to grow in 2018 as the country's chrome ore imports increase and consumers seek investments and deals aimed at accessing upstream supply, market sources predict. For the first 10 months of 2017, China imported 11.37 million tonnes of chrome ore, up 38% year o...Read More

EUROPE SECTIONS: Mills commence new year with plans to raise prices

January 03, 2018 / Lee Allen

European hollow sections mills are planning to raise their offer prices for commodity-grade material once the market returns from seasonal holidays this month, sources told Metal Bulletin on Wednesday January 3.Metal Bulletin's price assessment for S235-grade square hollow steel sections made in Northern Europe remained at ?,?640-660 ($771-795) per tonne delivered on January 3, while prices for si...Read More

Brazil's CSN raises flat steel prices for automakers by 23%

January 03, 2018 / Ana Paula Camargo

Brazilian flat steel producer CSN has applied an increase of 23% in its annual pricing contracts to local automakers, effective Monday January 1, the company confirmed to Metal Bulletin on January 3.The adjustment is in line with higher raw materials costs and international flat steel prices, according to Brazil-based sources...Read More

2018 PREVIEW: Will supply cuts in China still drive up steel prices?

January 03, 2018 / Gladdy Chu

Chinese steel prices were mostly driven by the supply-side changes in 2017, namely capacity cuts, a government crackdown on producers of substandard steel, environmental inspections and winter production restrictions. Will there be more supply-side changes in 2018 and will they push up steel prices in the country further? Here are among the developments that Metal Bulletin expects to take place th...Read More

LIVE FUTURES REPORT 03/01: LME lead price rises while other base metals falter in quiet conditions

January 03, 2018 / Alice Mason

Base metals prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead the only metal to finish the day in positive territory. "Lead put in a steady performance while the rest of the metals faltered, underpinned by a positive fundamental picture and tighter LME conditions," Sucden Financial said. "With FOMC minutes from the December meeting due for release...Read More

GLOBAL COPPER WRAP: Markets quiet with New Year break forcing participants to sidelines

January 03, 2018 / Kiki Kang

In a holiday-dominated period, global copper premiums were unchanged in the three major regions over the past week. US premiums were flat once again with the end of mating season and holiday season squashing interest.  Outside of Italian premiums, European spot markets were similar to that in the United States.  Shanghai premiums were unchanged with Chinese investors on an extended holi...Read More

Zinc, lead TCs unchanged despite Glencore restarts; market eyes on 2018 smelter output

January 03, 2018 / Echo Ma

Zinc and lead concentrate treatment charges (TCs) were little changed throughout December despite Glencore's decision to restart production at its Lady Loretta mine in Australia in 2018.Glencore will add 100,000 tonnes of zinc - or roughly 200,000-220,000 tonnes of zinc concentrates - to the market in 2018 via the restart at Lady Loretta and will subsequently ramp up another 60,000 tonnes per year...Read More

GLOBAL TIN WRAP: Downside in premiums continues on ample Indonesian exports

January 03, 2018 / Echo Ma

Tin premiums started 2018 on a downtrend with European and US premiums reaching multi-month lows due to low seasonal demand and good supply availability after strong exports from Indonesia in the fourth quarter of 2017. European tin premiums at 10-month low; US also softer  Indonesian exports in December remain above 7,000 tonnes Spot activity remains slow because of the post-holiday lull an...Read More

NORTH AMERICAN MORNING BRIEF 03/01: Freeport's Grasberg license extended; Al capacity halted in Xinjiang; Largo Resources' monthly record output

January 03, 2018 / Julian Luk

The latest metal markets news and price moves to start the North American day on Wednesday January 3. Base metals prices on the London Metal Exchange dipped across the board during morning trading today, with the recent price rallies taking a break. Copper has dipped back below the $7,200 per tonne level, beginning to retreat slightly as the result of some profit-taking. The three-month zinc price...Read More

EUROPEAN MORNING BRIEF 03/01: SHFE zinc higher while copper falls; Higher Indonesian Ni ore exports to de-bottleneck supply; US aluminium premium starts 2018 steady

January 03, 2018 / Ellie Wang

Good morning from Metal Bulletin's offices in Asia, bringing the key news and market stories on Wednesday January 3. Zinc prices on the Shanghai Futures Exchange (SHFE) were well supported by falling overseas stock levels in Asian morning trading on Wednesday January 3, while copper pared overnight gains. Check Metal Bulletin's live futures report here. LME snapshot at 0202 London timeLatest 3M&nb...Read More

Zinc, lead TCs unchanged despite Glencore restarts; market eyes on 2018 smelter output

January 03, 2018 / Echo Ma

Zinc and lead concentrate treatment charges (TCs) were little changed throughout December despite Glencore's decision to restart production at its Lady Loretta mine in Australia in 2018.Glencore will add 100,000 tonnes of zinc - or roughly 200,000-220,000 tonnes of zinc concentrates - to the market in 2018 via the restart at Lady Loretta and will subsequently ramp up another 60,000 tonnes per year...Read More

2018 PREVIEW: US zinc industry seen balanced in 2018

January 03, 2018 / Millicent Dent

The zinc industry in the United States is likely to remain fairly balanced in 2018, with continued strong demand for material offsetting new production coming online.Barring any major developments or setbacks, market participants expect spot market premiums, assessed at 8-9 cents per lb in mid-December, to remain in a similar range next year, according to market participants.Although mil...Read More

2018 PREVIEW: Aluminium in 2018 hinges on geopolitical factors

January 03, 2018 / Kirk Maltais

The prospects for aluminium in 2018 appear tied to global trade concerns - particularly protectionist rhetoric coming from the United States as well as the future of supply cuts by Chinese smelters.In the US, the primary question mark dominating market attention is the fate of the Section 232 investigation into national security issues surrounding primary aluminium imports. According to recen...Read More

LIVE FUTURES REPORT 03/01: LME lead price rises while other base metals falter in quiet conditions

January 03, 2018 / Alice Mason

Base metals prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead the only metal to finish the day in positive territory. "Lead put in a steady performance while the rest of the metals faltered, underpinned by a positive fundamental picture and tighter LME conditions," Sucden Financial said. "With FOMC minutes from the December meeting due for release...Read More

2017 REVIEW: Ali climbs 34% in 2017; base metals complex strong but a year to forget for tin

January 03, 2018 / Alice Mason

2017 was a strong year for base metals on the London Metal Exchange with zinc, copper and aluminium all setting multi-year highs.The latest rally took place within the last few days of the year, with aluminium climbing to a yearly high of $2,290 per tonne on the last trading day of 2017, and just in time to make it the strongest performer of the year. "Copper [was] trading close to a four-year hig...Read More

2018 PREVIEW: Aluminium in 2018 hinges on geopolitical factors

January 03, 2018 / Kirk Maltais

The prospects for aluminium in 2018 appear tied to global trade concerns - particularly protectionist rhetoric coming from the United States as well as the future of supply cuts by Chinese smelters.In the US, the primary question mark dominating market attention is the fate of the Section 232 investigation into national security issues surrounding primary aluminium imports. According to recen...Read More

SMM Evening Comments (Jan 3)

Jan 03 2018 / Staff reporter

SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More

SMM Evening Comments (Jan 3)

Jan 03 2018 / Staff reporter

SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More

SMM Evening Comments (Jan 3)

Jan 03 2018 / Staff reporter

SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More

Tech Talk for Wednesday January 3rd 2018

03/01/2018 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.IBM gained $0.63 to $47.26 after RBC Capital upgraded the stock to Outperform from Sector Perform. Wendy's added $0.13 to $16.45 after SunTrust raised its target price to $22 from $17.McDonald's advanced $1.02 to $174.24 after SunTrust raised its target price to $205 from $178. Scana jumpe...Read More

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