Base Metal Stocks Articles

Metals Focus: Record Palladium Prices Won't Lead To Supply Surge

Nov 21 2018 10:09AM / Kitco News

(Kitco News) - Recent record-high palladium prices won’t necessarily mean increased supply since the bulk of the metal is mined alongside other metals, meaning limited reaction to its own price picture, says Metals Focus.The consultancy said Tuesday that it looks for global palladium production to decline by 2% to 6.7 million ounces next year.There is an old commodity market adage saying...Read More

BMO: 'We Expect Portfolio Allocation Towards Gold'

Nov 21 2018 9:04AM / Kitco News

BMO Capital Markets looks for investors to include some gold in their portfolios during the remainder of 2018. Analysts note that holdings in global gold exchange-traded funds, which trade like a stock but track the price of the commodity, have risen to a three-month high following recent weakness in equity markets. “With macroeconomic risk now being supplemented by concerns over systemic fi...Read More

Gold Investors Getting Nervous

Nov 21 2018 7:51AM / Kitco Commentary

Gold has virtually done nothing for weeks, yet investors seem to be getting very nervous. There is no reason for gold investors to be concerned at these levels as gold continues to consolidate. Based on the emails I receive and the people I talk to, gold is looking more like a buy every day. We know that when a market is consolidating, it creates the biggest challenge for bit traders and investors...Read More

WEEKLY BASE METAL PREMIUMS REPORT 20/11

November 21, 2018 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday November 20.Please click...Read More

LIVE FUTURES REPORT 20/11: LME base metals prices drift lower amid crude oil slump

November 21, 2018 / Staff reporter

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday November 20, with broad risk-off sentiment emerging across global commodity markets amid continued trade tensions and a fresh one-year low in oil futures.Both zinc and lead futures were the worst affected, falling by around 2% over the afternoon, to below their respective support levels at $2,600 p...Read More

LIVE FUTURES REPORT 20/11: Comex copper price extends downturn amid dollar rise

November 21, 2018 / Staff reporter

The Comex copper price continued lower in in the US morning on Tuesday November 20, with the rising dollar pressuring the entire commodities sector.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 3.25 cents to $2.7665 per lb."We continue to expect a strong rebound in copper prices by the end of 2018 principally because investors are likely to...Read More

GLOBAL VANADIUM WRAP: European FeV market breaks through to new record highs

November 21, 2018 / Staff reporter

Supply constraints continued to drive European ferro-vanadium and vanadium pentoxide prices to new heights, with both markets reaching record highs while the Chinese export market remained dormant. Chinese export prices remain flat absent export activityEU FeV prices set new record heightsEU V2O5 market edges upward to new record highUS FeV bolstered despite thin spot trading ChinaChina's ferro-va...Read More

ASIA COPPER WEEK 2018: LME to launch lithium contract in Q2 2019

November 21, 2018 / Staff reporter

The London Metal Exchange is planning to launch a lithium contract in the second quarter of 2019 to meet growing demand from the electric vehicle industry, Fastmarkets learned during Asia Copper Week in Shanghai. The contract, announced as part of the exchange's Strategic Pathway in September 2017, will be settled against an index price, with Fastmarkets MB's lithium spot price index one of those...Read More

GLOBAL VANADIUM WRAP: European FeV market breaks through to new record highs

November 21, 2018 / Staff reporter

Supply constraints continued to drive European ferro-vanadium and vanadium pentoxide prices to new heights, with both markets reaching record highs while the Chinese export market remained dormant. Chinese export prices remain flat absent export activityEU FeV prices set new record heightsEU V2O5 market edges upward to new record highUS FeV bolstered despite thin spot trading ChinaChina's ferro-va...Read More

GLOBAL CHROME WRAP: UG2, charge chrome prices sink on thin trading, bearish sentiment

November 21, 2018 / Staff reporter

Chrome ore and alloy prices continued to trend lower in China on Friday November 16 on thin market activities and lingering weak sentiment, while the European and US markets continued to suffer from increased seller competition amid subdued demand conditions. UG2, charge chrome prices soften on thin trading, bearish sentimentChinese domestic market holds flat amid inactivityKorean prices slide on...Read More

Sterlite tenders 15kt copper concentrates parcel from accrued stocks

November 21, 2018 / Staff reporter

Vedanta unit Sterlite Copper intends to ship a portion of its copper concentrate inventories accrued before it declared force majeure in April, sources with knowledge of the situation told Fastmarkets. Sterlite has offered 15,000 tonnes of Cerro Verde copper concentrates for November or December shipment, several sources privy to the dealings said. The company's Tuticorin smelter was shut dow...Read More

Chinese smelters meet to discuss silico-manganese tender prices

November 21, 2018 / Staff reporter

Representatives from Chinese manganese alloy smelters will meet this week to discuss silico-manganese tender prices, market sources told Fastmarkets.The meeting is understood to be aimed at keeping the manganese market stable, market sources added. "We want to keep our prices stable so that the market is sustainable for everyone," a silico-manganese producer told Fastmarkets.Others noted that sili...Read More

DAILY SCRAP REPORT: Possible product surge from China keeps Turkish mills out of market

November 21, 2018 / Staff reporter

Turkish steel mills have continued to hold back from making deep-sea scrap purchases due to fear of product outflow from China, sources said on Tuesday November 20.Chinese rebar is widely expected by market participants to be offered in increasing amounts in the near term while its domestic market softens. This will soon affect prices all over the world, including Turkish scrap import prices,...Read More

LIVE FUTURES REPORT 20/11: Comex copper price extends downturn amid dollar rise

November 21, 2018 / Staff reporter

The Comex copper price continued lower in in the US morning on Tuesday November 20, with the rising dollar pressuring the entire commodities sector.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 3.25 cents to $2.7665 per lb."We continue to expect a strong rebound in copper prices by the end of 2018 principally because investors are likely to...Read More

METALS MORNING VIEW 20/11:Metals prices mixed, but weaker dollar helping to offset influence from weak equities

November 21, 2018 / Staff reporter

Jittery stock markets and ongoing disappointment over United States/China trade developments continued to put either a cap on the base metals - the exception being tin that broke higher at the start of this week - or keep them under pressure, in the likes of nickel and aluminium.The three-month base metals prices on the London Metal Exchange were on divergent paths this morning, Tuesday November 2...Read More

ASIA COPPER WEEK 2018: LME to launch lithium contract in Q2 2019

November 21, 2018 / Staff reporter

The London Metal Exchange is planning to launch a lithium contract in the second quarter of 2019 to meet growing demand from the electric vehicle industry, Fastmarkets learned during Asia Copper Week in Shanghai. The contract, announced as part of the exchange's Strategic Pathway in September 2017, will be settled against an index price, with Fastmarkets MB's lithium spot price index one of those...Read More

FOCUS: Chinese buyers to shift to spot market for cobalt raw materials

November 21, 2018 / Staff reporter

Chinese buyers have been reluctant to commit to long-term contracts for cobalt raw materials for 2019 during this year's mating season, Fastmarkets has learned.Year-long or multi-year commitments are traditional, but Chinese buyers now intend to purchase cobalt raw materials, including concentrates and hydroxide, on a spot basis, because there is adequate spot supply and because their profit margi...Read More

Livent to grow lithium business, secure status as battery makers' main partner

November 21, 2018 / Staff reporter

The initial public offering (IPO) of shares in the newly created Livent Lithium will help the fledgling company to face the challenges of meeting global demand for lithium and to solidify its position as a major supplier to the fast-growing battery industry, according to chief executive officer Paul Graves.The acquisition by Livent's parent company, FMC, of chemicals giant DuPont set the course fo...Read More

GULF FLAT STEEL IMPORTS: Prices down $20-55 per tonne on weak markets

November 21, 2018 / Staff reporter

Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have tumbled over the past seven days by $20-55 per tonne due to weak demand and lower offer and deal prices, sources told Fastmarkets on Tuesday November 20.UAEAbout 5,000 tonnes of hot-rolled coil (HRC) from Ukraine was booked at $520-530 per tonne cfr.Chinese material, meanwhile, was on offer to the UAE at $510-520 per...Read More

FOCUS: 7 reasons why Asia's steel price downtrend may continue in 2019

November 21, 2018 / Staff reporter

Steel traders in Asia have been feverishly short-selling their cargoes in recent weeks due to the bearish sentiment in the Asian market, with back-to-back offers for steel products often accompanied by short-selling offers at a wide discount to mill cargoes.These discounts can reach up to $15 per tonne, which indicate the additional price falls that traders expect when short-selling cargoes. Buyer...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok