Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
The latest metal markets news and price moves to start the North American day on Thursday September 6. The prices of base metals traded on the London Metal Exchange were mostly higher during morning trading on Thursday September 6, spurred by a bout of fresh buying due to a weaker dollar and progress in the United States and Canada trade talks.Appreciating by more than 1% during the morning, coppe...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday September 6.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday, with zinc and copper pulling the rest of the complex higher. Lead and tin bucked the general strength, with both metals' prices undergoing a correction following r...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Comex copper prices continued to demonstrate that Tuesday's sell-off was not a new trend on Thursday September 6 morning in the US, with the base metals group benefiting from a weaker dollar and solid US data.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 3.70 cents, or 1.4%, to $2.6470 per lb.Following the Labor Day weekend, copper prices tumb...Read More
Turkish domestic prices for rebar and wire rod continued to increase over the past week with the exchange-rate value of the country's lira falling, and the costs for imported scrap rising, sources said on Thursday September 6.Metal Bulletin's weekly price assessment for domestic rebar on Thursday was TRY3,950-4,070 ($594-612) per tonne ex-works, including 18% VAT, up from last week's TRY3,760-3,92...Read More
Turkish billet prices have strengthened over the past week, in line with the increasing scrap values, sources said on Thursday September 6.Although, the demand for imported billet in Turkey was sluggish with mills focusing on scrap imports instead, market participants said.Metal Bulletin's weekly price assessment for billet imports into Turkey was $485-490 per tonne cfr on September 6, up from $47...Read More
Investors keen to tap into the electrification of the world's transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-ev...Read More
Barrick is highly likely to partner with at least one Chinese entity to pursue growth in its copper business, according to the company's chairman. The presence of copper in the company's portfolio alongside gold had led the firm to consider whether to divest the base metal and focus on the precious metal, said the chairman, John Thornton, who added that that option was dismissed because it would n...Read More
Comex copper prices continued to demonstrate that Tuesday's sell-off was not a new trend on Thursday September 6 morning in the US, with the base metals group benefiting from a weaker dollar and solid US data.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 3.70 cents, or 1.4%, to $2.6470 per lb.Following the Labor Day weekend, copper prices tumb...Read More
The latest metal markets news and price moves to start the North American day on Thursday September 6. The prices of base metals traded on the London Metal Exchange were mostly higher during morning trading on Thursday September 6, spurred by a bout of fresh buying due to a weaker dollar and progress in the United States and Canada trade talks.Appreciating by more than 1% during the morning, coppe...Read More
South Korea's state-run Public Procurement Service (PPS) bought a combined total of 2,000 tonnes of aluminium through two tenders that closed on Tuesday September 4, according to notices posted on the PPS' website.Glencore International secured the two tenders of 1,000 tonnes each at $98 per tonne basis cif...Read More
The prices of base metals traded on the London Metal Exchange were mostly higher during morning trading on Thursday September 6, spurred by a bout of fresh buying amid a weaker dollar and progress in US-Canadian trade talks. Appreciating by more than 1% over the morning, copper's three-month price recovered losses made at Wednesday's close, climbing back toward $6,000 per tonne while total on-warr...Read More
Three-month base metals prices on the London Metal Exchange were on divergent paths this morning, Thursday September 6, after a mixed performance on Wednesday. Zinc led on the upside with a 0.9% rebound, while nickel remained under pressure with a 0.5% fall. Lead was up by 0.3% while the rest were little changed, with copper prices at $5,883 per tonne. Volume across the complex has been above aver...Read More
US domestic rebar prices remain robust in the face of softening scrap, while the forecast for imported material has remained in limbo ever since the US doubled the Section 232 tariffs on Turkish steel on Friday August 10.American Metal Market's assessment for domestic rebar remained at $35-36 per hundredweight ($700-720 per short ton) fob Midwest mill on Wednesday September 5, with imported rebar...Read More
German steel conglomerate ThyssenKrupp is planning to build a new hot-dipped galvanizing line in Dortmund, Germany, the company said earlier this week.The new line will be built next to the existing one to allow them to share technical and supply services. The new unit will increase the site's capacity for hot-dipped coated products by 500,000 tonnes per year to a total of 1 million tpy.The announ...Read More
ArcelorMittal reached agreement with Italian trade unions over its proposed acquisition of Italian flat steel producer Ilva on Thursday September 6, according to press reports.The agreement will open the way for Ilva to be taken over by the AM Investco consortium led by ArcelorMittal, according to news providers Reuters, La Repubblica and Il Sole 24 Ore.Metal Bulletin's price assessment for domest...Read More