Price weakness contained for now Base metal prices have been slipping in recent weeks. Given that the whole group is suffering, the drivers are likely to be broad and macro-related rather than metal-specific. Since speculative positioning is neutral and recent price weakness has not irreversibly damaged the technical picture, the complex could turn higher again on the back of dollar weakness, furt...Read More
Eastern promise for PolarXSPONSOREDpolarxOutput at the BHP-operated Chile copper mine included 975,893t of copper in concentrates and 266,794t of copper cathodes. The mine experienced 44 days of strike action in 2017."We are happy with the positive results from 2018. The challenges, however, are growing because as the deposit ages we face deeper pits, lower grades and harder rock, as well as more...Read More
LME aluminium price was marginally higher last week The weekly average LME aluminium price was marginally stronger last week, on the back of the positive sentiment following the fresh lifetime high in the S&P 500 Index but capped by continued strength in the US dollar index, which reached its highest level since 2017 last Thursday. The weekly average LME cash price was $1,848 per tonne last week,...Read More
Eastern promise for PolarXSPONSOREDpolarxCopper production for the March quarter dropped 7% year-on-year to 320,700 tonnes, hit by the issues at Mopani, as well as severe flooding in Queensland, depletion at the Alumbrera openpit operation, and the sale of Punitaqui.However, cobalt output rose 56% on the year to 3,900t, despite Katanga having to manage excess levels of uranium content in its cobal...Read More
Aluminium Judging by its current technical configuration, the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
China's hot-rolled coil prices strengthened further on Tuesday April 30 after word about possible steelmaking restrictions in the steelmaking hub of Tangshan circulated in the market.DomesticEastern China (Shanghai): 4,050-4,060 yuan ($601-603) per tonne, up 50 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, up 20 yuan per tonneA domestic steel consultancy reported that Tangsha...Read More
ICSG shows a lack of fundamental...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Aluminium's three-month price on the London Metal Exchange continued its decline during morning trading on Tuesday April 30, continuing to trade at its lowest level since January while its total volumes traded led the complex with more than 5,000 lots changing hands as of 9:30am London time. The light metal's three-month price reached a low of $1,815 per tonne over the morning session, down by mor...Read More
Swing from deficit to balance...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe company reported a 6% drop in copper output compared with a year earli...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpIt said yesterday it expected operations would reach "normal le...Read More
Monthly deficits continue, but are staying small The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More
Intense sell-off so far in April ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Spreads trigger stock inflows, dent price...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Fastmarkets proposes to amend the specifications of its benchmark in-warehouse Rotterdam price assessments to incorporate grade-1 and grade-2 Norilsk cut cathodes within its list of accepted cobalt brands. According to preliminary market feedback, grade-1 and grade-2 cobalt cut cathodes produced by Norilsk are now commonly accepted by consumers of cobalt and are regularly traded in the spot market...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
A summary of Glencore's production results for the three-month period ended on March 31, 2019, as well as its adjusted full-year production guidance.In brief Glencore produced 320,700 tonnes of copper content in the form of copper metal, copper anodes and copper concentrates in the first three months of 2019, down by 7% from 345,400 tonnes during January-March of 2018. The company attributed the 7...Read More
Base metals prices on the London Metal Exchange were for the most part treading water this morning, Tuesday April 30, while the market digests the disappointing Chinese data released earlier. This, combined with the fact that many Asian market participants are away for holidays this week, is likely to lead to subdued trading – but reduced liquidity could also lead to increased volatility. Bas...Read More
A sharp increase in manganese ore production from Ghana since early last year has led to increasing volumes of the ore being sold as raw material for China's manganese alloy market, in addition to its traditional application, manganese metal, market sources told Fastmarkets.The world's largest manganese metal producer, China's Ningxia Tianyuan Manganese Industry Co (TMI), agreed in 2016 to buy Jer...Read More