Despite a mixed picture this morning, Tuesday June 9, generally strong uptrends are underway in most of the base metals. The exception is the infrastructure heavy-weight zinc, although the galvanizing metal is also widely used in the auto industry, which may be why it is lagging behind. Asian-Pacific equities are for the most part stronger this morning, led by a 2.53% gain in the Australian ASX 20...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade. Macy's added $0.97 to $10.52 after reporting a less than consensus first quarter loss. Signet Jewelers dropped $0.87 to $16.00 after reporting lower than consensus first quarter revenues. The company also suspended its dividend. EquityClock's Daily Market CommentFollowing is a link...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Base metals prices were mixed this morning, Monday June 8, after a positive performance on Friday following the surprisingly strong employment report in the United States.Asian-Pacific equities, although stronger this morning, were not up by the same extent as western equity indices were on Friday. * China's exports rose by just 1.4% year on year in May after rising by 8.2% in April. Imports fell...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. The Canadian Dollar added 0.10 to US74.64 cents following release of May Canadian Housing Starts at 8:15 AM EDT. Consensus was a drop to 153,000 units from 166,500 units in April. Actual was an increase to 193,500 units.International Flavours and Fragrances slipped $0.48 to $137.38 after...Read More
Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.Mexico, Brazil and Argentina are the region's top auto producing countries, Fastmarkets understands.MexicoMexican light vehicle output...Read More
European distributors of flat steel products reported a 50.8% year-on-year drop in shipment volumes in April, Eurometal said on Thursday June 4.In first four months of 2020, shipments of flat steel products by European steel service centers decreased by 18.5% year on year. Eurometal does not disclose product volumes.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe ...Read More
Global aluminium billet premiums were unchanged but for a drop in Thailand, with spot demand battered due to the Covid-19 pandemic.Europe begins third quarter negotiationsUS premium static in lifeless spot marketBrazil premium flat amid weak spot interestWeak demand sinks premium in ThailandQ3 negotiations in Europe start with offers around $280-300/t Market participants throughout Europe have beg...Read More
The Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said. According to Trent Mell, the increasing trend toward electric vehicles (EVs) has added to the impetus to ensure that a reliable and ethical supply of refined cobalt is available for use in batteries. "If the Covid...Read More
The three-month copper price on the London Metal Exchange rose by 2.3% day-on-day to close at $5,690 per tonne on Friday June 5, after a strong day of trading with a turnover of more than 23,300 lots.LME three-month copper had its best week since September 2018 in the week ended June 5, reaching a high of $5,698 per tonne on Friday. On Monday, it had opened at $5,400 per tonne, but on Friday it op...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
New Day Aluminum Holdings, the parent company of Noranda Bauxite, Noranda Alumina, and Niche Industrial Chemicals, on June 2 announced the appointment of John Habisreitinger as chief operating officer.New Day produces bauxite for metallurgical and non-metallurgical applications in Jamaica, and...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 5.China The domestic market has stabilized while immediate availability of material has continued to be tight. The export market was unchanged, with an absence of trading activity....Read More