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BASE METALS
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Goldman Sachs Calls Copper as “The New Oil”, Expects Prices to Climb
April 16, 2021The commodities analyst from New York-based Goldman Sachs termed copper as “the new oil”. The prices of the commodity are expected to scale new heights…...
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Government of Canada supports business development and growth in the Sudbury East and West Nipissing regions
April 16, 2021Across the country, Community Futures Development Corporations (CFDCs) are helping entrepreneurs start or expand their businesses, and investing in communities to strengthen the economy. In…...
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‘Green demand’ to drive record tight copper balances, Goldman Sachs says
April 15, 2021Reuters/Rodrigo Garrido Strategists at Goldman Sachs reiterated their ‘bullish’ stance for a select group of global copper miners, predicting that so-called ‘green demand’ woul...
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Commodities rewired
April 15, 2021Key points A divergence of fortunes The economic restart has lifted commodity prices. Beyond that, we see structural trends leading to a divergence of fortunes…...
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Aluminum price near 10-year high on China’s export momentum
April 14, 2021Aluminum price surged on Wednesday as Chinese trade data buoyed the outlook for demand. The most-traded May aluminum contract on the Shanghai Futures Exchange rose…...
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These are the metals attracting the most money right now – Kai Hoffmann
April 14, 2021Although sentiment for gold is weaker than it was last year, most recently, more investment capital has been flowing into the gold mining sector as…...
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Aluminum Jumps to Highest Since 2018 on Strong China Trade Data
April 13, 2021Aluminum-Jumps-to-Highest-Since-2018-on-Strong-China-Trade-Data , Yvonne Yue Li Aluminum surged to the highest in almost three years, leading gains in base metals as Chinese trade data buoyed the&hell...
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A ‘golden age’ for copper could mean catastrophe for communities around the world
April 8, 2021The benefits of switching to clean energy are huge. As with any industrial activity, the transition has potential environmental and social impacts. As we head…...
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Clean energy? The world’s demand for copper could be catastrophic for communities and environments
April 7, 2021The benefits of switching to clean energy are huge. As with any industrial activity, the transition has potential environmental and social impacts. As we head…...
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Mining shares are attractive as a relatively cheap ‘value’ sector, says Barclays
April 7, 2021“Miners remain attractive as a relatively cheap ‘value’ sector exposed to growing demand,” Barclays Capital Inc said Barclays said it was positive on the prospects…...
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China’s record steel prices boost iron ore prices
April 7, 2021Iron ore prices rose on Wednesday, as record steel prices in China prompted investors to make tentative bets, despite production cuts in the country’s steelmaking hub that…...
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Aluminium anode batteries offer low-cost renewable energy storage
April 6, 2021Stock image. The aluminium anode batteries could offer a low-cost lithium alternative for renewable energy storage (Credit: Shutterstock) A new type of battery incorporating low-cost…...
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The news that set back a nickel revival
April 6, 2021Last month nickel prices looked like they may break to a level that would support new mine development, but news out of Indonesia ended the…...
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Copper price jumps as Chile close its borders
April 5, 2021The Chilean Candelaria copper-gold mine (Credit: Consejo Minero) Copper price jumped on Monday as investors assessed a decision by Chile to close its borders during April. Copper…...
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China’s aluminum imports underpin physical premium surge
April 1, 2021Japanese aluminum buyers have agreed to pay the highest premium in six years to get their metal in the second quarter. The Japanese premium, which…...
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Will inflation impact copper, iron ore prices?
March 31, 2021A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron…...
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Nickel Monthly News For The Month Of March 2021
March 31, 2021Summary Nickel spot prices were significantly lower in March, and the LME inventory was slightly higher than last month. Nickel market news – Fitch: Nickel…...
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Base metals prices mainly firmer, but consolidation dominates
March 30, 2021Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with…...
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Copper Boom Is Catching the Eye of Poverty-Fighting Politicians
March 29, 2021A worker handles newly formed copper cathode sheets in a warehouse at the KGHM Polska Miedz SA copper smelting plant in Glogow, Poland, on Tuesday,…...
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The bull and bear case for copper price
March 29, 2021Stock Image. Copper prices rose on Friday tracking gains in equities markets buoyed by optimism over the global economic recovery on positive US labour data and its…...
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Copper price rises on optimism over US recovery
March 26, 2021Copper prices rose on Friday, tracking gains in the equities market buoyed by optimism over the global economic recovery on positive US labour data and…...
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The Ascent Of Copper May Slow As The Supply Chain Shifts
March 23, 2021Summary As anticipated in 2019, copper prices have surged due to a global shortage. This has caused an immense rally for the copper miner ETF…...
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China Mulls Selling Aluminum From State Reserves to Cool Prices
March 23, 2021Bundles of aluminum ingots sit stacked at a China National Materials Storage and Transportation Corp. stockyard in Wuxi, China, on Wednesday, May 8, 2019. An…...
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As Metals Powering Sustainable Development, Copper and Nickel Have Bright Future, BHP Chief Says
March 22, 2021The strategic metals driving the future development of Australian mining giant BHP Group Ltd. will be copper and nickel, both key raw materials for a greener economy,…...
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Funds take the money and run as copper rally stalls
March 22, 2021Funds have slashed their collective bullish bets on higher copper prices as the sizzling rally shows signs of stalling. A vendor shows copper components used…...
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Nowhere to Hide From Inflation Fears as Commodities Join Rout
March 19, 2021BC-Nowhere-to-Hide-From-Inflation-Fears-as-Commodities-Join-Rout , Kim Chipman Even commodity futures aren’t safe from the inflation fears that are gripping global markets. Crude oil plunged 7%, coffe...
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Aluminium rattled by signs of “green” disruption in China
March 19, 2021Shanghai aluminium prices have this week powered to their highest level since August 2011. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop…...
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Expect a supercycle in industrial metals as demand outstrips supply
March 19, 2021With copper prices up by 75% over the past year, Iron ore prices up by more than 80% and aluminium gaining a third, we could…...
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Industry push for greener aluminum production drives need for transparent price references
March 18, 2021Metals and energy have a complicated relationship. Ferrous and nonferrous metals-making requires lots of energy, while melting and smelting generate significant CO2 emissions. Oil, gas…...
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Copper falls as rising inventories spur demand concerns
March 18, 2021Copper prices fell on Thursday as rising global inventories and falling premiums in top consumer China stoked demand worries and offset support from a weaker…...
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Commodities Boom Hits Home
March 17, 2021Builders and manufacturers are passing along higher prices for wood, copper and bricks Federal Reserve Chairman Jerome Powell tells WSJ’s Nick Timiraos there is no…...
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UAE Aluminum Giant Sees Metal’s Price Staying Elevated This Year
March 16, 2021Emirates Global Aluminium PJSC, one of the world’s biggest producers of the metal, expects prices to remain elevated this year as the global economy recovers…...
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Aluminium industry aims to reduce emissions by 80% by 2050
March 16, 2021Global industry organisation the International Aluminium Institute (IAI) has published three main pathways that the industry can take to reduce its emissions by 80% by…...
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Copper shortage narrative goes mainstream
March 15, 2021Mainstream media and the large mining companies are finally catching on to what we at AOTH have been saying for the past two years: the…...
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Iron ore price dives on China pollution crackdown
March 12, 2021Iron ore prices fell on Friday as moves in China to restrict steel mills’ highly-polluting operations and reduce production capacity weighed on sentiment. According to…...
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Copper price to peak this year, here’s why – CRU
March 11, 2021Copper headlines have been everywhere lately, with the economic recovery and a move toward green technology boosting prices to 9.5-year highs. But that excitement will…...
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Ontario to develop first critical minerals strategy
March 11, 2021The Ontario government announced Wednesday it is developing its first-ever Critical Minerals Strategy to help generate investment, increase the province’s competitiveness in the global market, and cre...
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Copper price rises on demand hopes
March 10, 2021Copper futures advanced in London and New York on Wednesday on hopes of rising demand, but prices in Shanghai fell on fears of policy tightening…...
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Focus Gold still looks good, but copper and oil look better – USBWM
March 9, 2021With equity markets back at record valuations and bond yields holding above 1.5%, investors appear to be pricing in perfection when it comes to a…...
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Global zinc output dropped 6% in 2020; China was the biggest zinc producer – report
March 9, 2021According to the preliminary data released by the U.S. Geological Survey (USGS), global mine zinc production was estimated to be 12.0 million tons in 2020,…...
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German industrial production dives in January
March 8, 2021German Industrial Production seasonally adjusted for January came in at -2.5% vs consensus estimates of -0.4% (prev 0.0%) & Industrial Production WDA Jan -3.9% vs…...
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Rare earth unlocks copper, gold and silver secrets
March 5, 2021The research potentially has wide implications for the materials sector and industry. Credit: Monash University A study by Monash scientists has found that a rare…...
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Nickel slumps as electric dreams are rudely disturbed
March 5, 2021Nickel has endured its worst week in almost ten years, with the London Metal Exchange (LME) price collapsing by 16% in the space of two…...
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Demand for EVs to boost rally in copper and nickel
March 5, 2021Agencies EVs require a considerable amount of copper, almost three times more than the regular ones. Nickel too is expected to benefit amid the growing…...
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Base metals rally to peter out as supplies improve
March 4, 2021The rally in base metals prices we saw last month has generated unrealistic optimism about the future trajectory of the market. The market currently appears…...
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Green Revolution Gets More Expensive as Copper Price Surges
March 4, 2021BC-Green-Revolution-Gets-More-Expensive-as-Copper-Price-Surges , Rachel Morison and William Mathis Look just beneath the surface of many of the technologies powering the energy transition and there’s ...
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Nickel collapse triggers slide across industrial metals
March 4, 2021Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst…...
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Energy Transition Will Drive More Copper Mining
March 4, 2021Copper is a vital part of green infrastructure. Look just beneath the surface of many of the technologies powering the energy transition and there’s a…...
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As The Economy Gains Momentum 2 Funds For Base Metal Bulls
March 4, 2021Since the start of the pandemic over a year ago, metal prices have regularly been making headlines. Investors are expecting the global economy to recover…...
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Congo’s cobalt and copper production jumped in 2020, central bank says
March 3, 2021The Democratic Republic of Congo produced 85,855 tonnes of cobalt in 2020, up 10% from 2019, the central bank said on Wednesday, with copper production…...
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Buffett: First Gold, Now Copper!
March 2, 2021Made you look, made you stare… BUFFETT buys a copper stock! shouts Gary Tanashian in his Notes from the Rabbit Hole. Just kidding. Warren Buffett’s Berkshire Hathaway may…...
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Tesla boss Elon Musk is concerned by the lack of nickel supply
March 2, 2021Tesla boss Elon Musk has been on the wires citing his concern at the lack of nickel in the market. BHP Nickel West asset president Edward…...
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How High Can Copper Fly? This Metals Trader Expects $12,000
February 25, 2021BC-How-High-Can-Copper-Fly?-This-Metals-Trader-Expects-$12000 , Bloomberg Copper could surge above a record to $12,000 a ton in 18 months on new demand from green initiatives, a leading metals…...
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China’s appetite for copper boosts Chilean economy
February 25, 2021With the price of copper reaching a 10-year high thanks in no small part to China’s insatiable appetite, Chile, the world’s leading producer, faces a…...
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Copper is the new gold
February 24, 2021The price of copper has doubled in the last year, and with the digitisation of the global market as well as the rise of the…...
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Nickel Likely To Continue Its Bull Run
February 24, 2021Nickel prices are current holding near heights level since 2014 at $19,482 on the backdrop of increasing economic optimism in US and China. Monday’s global economic…...
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The Reason Commodities Keep Rising? They’re the Home of Yield
February 23, 2021BC-The-Reason-Commodities-Keep-Rising?-They’re-the-Home-of-Yield , Alex Longley Commodities markets are booming. Oil is up about 30% this year, copper just hit a nine-year high and grains markets are&...
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Copper Price: Explosion to the upside is unsustainable, retracement lower is coming – Commerzbank
February 23, 2021Copper (LME) is accelerating in an exponential manner towards the February and August 2011 highs at 9905.00/10190.00 but this ascent isn’t sustainable, according to Axel…...
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Base metals edge higher; Copper surges above $9,000 on shortfall concerns
February 22, 2021Copper climbed as much as 4 per cent on Monday and is heading for an unprecedented eleventh monthly rise in February Copper mine | Photo:…...
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WBMS Indicated Surplus Nickel Market
February 22, 2021On the contrary, the Chinese apparent demand was up marginally by 5kt than in the previous year. The world nickel market ended in surplus during…...
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Primary Aluminum Market Ended 2020 in Significant Surplus
February 22, 2021During the whole year, the overall aluminum production surged higher marginally by 1.0% compared with the whole of 2019. The world primary aluminum market recorded…...
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Why are Americans searching for supercycle on Google?
February 19, 2021The interest in the term has been at its highest in more than a decade, according to Google data. Much of that has to do…...
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Time to forget tariffs and reset U.S. aluminium policy
February 19, 2021The new United States administration seems in no rush to lift the aluminium and steel tariffs imposed by Donald Trump in 2018. Workers are seen…...
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Non-Ferrous Metals Export in 2020: Copper and Nickel Export Up
February 19, 2021According to the RF Federal Customs Service, during 2020 Russia exported 2.7 mn tons of unwrought aluminum, down 1.6% year-on-year. In terms of value, unwrought…...
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Why surging oil and copper prices are ‘completely detached from reality’, Commerzbank says
February 18, 2021Oil prices have climbed in recent days as the winter storm in Texas has forced refineries to shut and disrupted production AP The GameStop GME, -0.59% frenzy may have…...
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The demand for aluminium will skyrocket as the manufacturing and sale of EV’s increase
February 18, 2021Automobile Industry, a manufacturing sector paddling through multiple challenges which include the economic slowdown, delays in regards to BS-VI-related and now the Covid-19 pandemic. Despite…...
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Nickel was king in EV battery capacity deployment in 2020
February 17, 2021EV charging. (Reference image by Noya Fields, Flickr). A report by Adamas Intelligence states that over 60% of all passenger EV battery capacity deployed globally in 2020 was in the form…...
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Good news for Chile, copper price soaring on Chinese demand
February 17, 2021According to the Chilean Copper Commission, Cochilco, the annual average of copper rose to US$ 3,66, well above the US$ 2,88 of the 2021 national…...
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Copper rally hits 8-year high amid fund manager caution over correction coming
February 16, 2021Goldman Sachs and Citi raise their 12-month price target to $10,000 per tonne citing ‘scarcity pricing’ Picture: 123RF/SCANRAIL Copper’s red-hot rally rolls on with London…...
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Funds grow wary as red-hot copper hits nine-year highs
February 16, 2021* Fund positioning on CME copper: tmsnrt.rs/2N9yzpZ * Fund positioning on LME copper: tmsnrt.rs/2LQrNou * LME copper options market open interest: tmsnrt.rs/3dcAXai Copper’s red-hot rally rolls on wit...
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Citi sees real possibility of ‘super-cycle’ in aluminium and copper
February 16, 2021Analysts at Citi revised their price forecasts for copper higher, going as far as to tell clients that prospects for a so-called ‘super-cycle’ in copper and aluminium…...
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Copper picks up momentum, heading towards the $8895 mark – Credit Suisse
February 16, 2021Copper (LME) is picking up momentum and the long-term outlook stays clearly bullish. The Credit Suisse analyst team targets the $8895 neighborhood. Key quotes “Copper (LME) has…...
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EV Makers Look To Strengthen Nickel Supply Chain In Indonesia
February 16, 2021Summary Electric vehicle manufacturers are wooing Indonesia to create a nickel-based battery supply chain in that country. A senior Indonesian government official told news agency…...
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Nickel price at highest since 2014 amid growing EV battery demand
February 12, 2021Demand for nickel is set to soar with the boom in electric cars. (Image by Scharfsinn | Shutterstock) Nickel has quietly been going neck-in-neck with copper…...
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Copper remains in bull cycle, targeting $9,000 – ANZ
February 12, 2021A strong economic recovery, increased push for renewables, depleted inventories and the supply challenges all together are keeping the sector well positioned. Strategists at ANZ…...
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Copper hovers near eight-year high as Chinese holiday starts
February 11, 2021Copper took a breather on Thursday as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that lifted…...
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Column: China’s 2020 refined nickel imports slump to 6-year low
February 11, 2021China has bailed out the copper and aluminium markets by importing record amounts of the rest of the world’s surplus metal. A man works on…...
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Nickel, The Battery Metal Running On Super-Charged Demand
February 9, 2021It doesn’t garner as many headlines as copper, but nickel is the only base metal running almost neck-in-neck with the former in a near unbroken rally since April…...
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Commerzbank are focused on upside levels in copper
February 9, 2021Technical analysts at Commerzbank believe the outlook for LME copper is still bullish. Analyst Karen Jones said, “The spotlight is on LME Copper’s multi-year high…...
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The top 5 primary Aluminium producers of Africa
February 8, 2021Africa is one of the largest producers of aluminium ore BAUXITE. African nation Guinea stands as the world’s highest exporter of bauxite and ranks at…...
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Base metals prices mixed, while broader markets buoyant
February 8, 2021Base metals prices on the London Metal Exchange were mainly weaker this morning, Monday February 8, while those on the Shanghai Futures Exchange were mostly…...
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Australia to Supply One-Fourth of World’s Total Nickel
February 8, 2021The greenfield and brownfield nickel projects currently under development in Australia will contribute to new mined supply in a big way. The leading commodity research…...
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Nickel demand for EVs expected to shoot up in the next 20 years
February 8, 2021Electric vehicle. (Image by bixusas, Pixabay). Nickel demand from the EV sector is expected to grow globally by 2.6Mt Ni to 2040, up from only 92kt Ni in…...
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EY is bullish for base and precious metals
February 5, 2021EY predicted yesterday that many of the metals will do nicely within the 12 months forward. The consultancy launched its Canadian Mining Eye index yesterday.…...
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Customers should define what is low-carbon aluminium – LME
February 5, 2021Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have…...
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Iron-ore, gold and copper set export records
February 5, 2021Photo by Bloomberg New data by the Australian Bureau of Statistics (ABS) has revealed record high export revenue from iron-ore, gold and copper in 2020. The…...
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Copper: New Highs Beckon After Late 2020 Dazzle
February 4, 2021Copper dazzled before the eyes of investors at the end of 2020, as vaccine breakthroughs and the promise of economic reopenings after the COVID-19 lockdowns made…...
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Base metals prices mixed, stronger dollar a headwind
February 4, 2021Base metals prices on the London Metal Exchange were mainly weaker, while those on the Shanghai Futures Exchange were mainly firmer this morning, Thursday February…...
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Copper price climbs as Citi analyst predicts market deficit in H2
February 4, 2021Glogów copper smelter and refinery. Image from KGHM. Copper prices bounced back on Wednesday despite concerns of weaker demand ahead of a major holiday in…...
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Copper rebounds on short-covering and receding China concerns
February 3, 2021Copper rebounded after three days of losses as some bearish investors cancelled their positions, partly because of receding concerns over tight liquidity in top metals…...
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Weekly Technicals on Metals Part A: Copper, Aluminium and Nickel
February 3, 2021Copper LME Copper (3 Month Continuous) I have repeated this for a while now, how ‘…once again…the market had seemingly baulked at entering the previously highlighted…...
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UAE’s solar-powered aluminium will soon show up in BMW models
February 2, 2021The ‘CelestiAL’ range… Emirates Global Aluminium’s solar-powered metal is now heading for Germany and finding a place in BMW models.Image Credit: Supplied Dubai: The first&hell...
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Copper prices sinking
February 2, 2021Copper prices are sinking on Tuesday amid the COVID-19 pandemic situation in China, according to trading data. The cost of March copper futures on the…...
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How much higher can Chinese nickel sulfate prices climb after setting all-time high?
February 2, 2021Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began…...
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Doubts over Chinese demand weigh on copper
February 1, 2021Copper slipped on Monday as manufacturing data from top consumer China raised the prospect of slowing demand growth while a higher dollar prompted funds to…...
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Copper gains as Chinese liquidity worries ease
February 1, 2021Copper prices edged higher on Monday as investors were relieved that China, the world’s biggest metals consumer, might not be tightening credit as much as…...
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Copper Outlook
January 29, 2021Copper prices bounced on Thursday, due to weakness in the Dollar Index, however demand concerns due to upcoming holidays in China, rapidly expanding global coronavirus cases and…...
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Winners predict ‘firm but bumpy’ growth for base metals in 2021; bullish for gold
January 29, 2021The winners of Fastmarkets’ Apex 2020 price forecast contest set out their projections for factors that will most influence base metals, precious metals and steel…...
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Copper Forecast: US Stimulus and Chinese Recovery Key Price Drivers
January 27, 2021COPPER, CHINESE ECONOMY, US STIMULUS – TALKING POINTS Copper prices take hit on major US producer sales downgrade China’s 2020 copper imports hit record, but pace…...
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Increasing supply from China to cap aluminum price – report
January 27, 2021Expect to see a broader recovery in global aluminum demand alongside a forecast rebound in global economic growth, market analyst Fitch Solutions says in its latest industry…...
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World’s copper mines struggle to recover from COVID-19
January 26, 2021The deadly coronavirus has taken a heavy toll on the world’s copper mines. A truck loaded with ore is seen in a mill inside the…...
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World Nickel Market Posted Surplus Until November 2020
January 26, 2021The world apparent demand for nickel registered decline by 99kt than 2019. The production of nickel exceeded apparent demand for the metal during the initial…...
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Base metals prices pull back as markets generally take a breather
January 22, 2021Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been…...
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Is China nearing peak aluminium after record 2020 output?
January 22, 2021World aluminium output rose by 2.5% to a record 65.3 million tonnes last year, with producers lifting run-rates as the aluminium price rebounded from its…...
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How the commodities supercycle will foment unrest around the world
January 21, 2021Commodities, including metals, energy and agricultural goods have seen prices climb steadily. With many societies are already on edge, we could see a new round…...
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Base metals prices, broader markets bullish
January 21, 2021Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and…...
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Nickel price nearing key threshold to spur investment
January 21, 2021Nickel prices are drawing closer to the $20,000/t threshold required to spur investment in new supply. The LME three-month (3M) contract was up by more…...
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UAE becomes first nation to produce aluminium using solar energy
January 19, 2021The milestone supports the UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum’s vision to make Dubai the most sustainable city in the world The…...
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Copper gains as China strengthens
January 19, 2021The copper price is nearing US$8,000 per tonne again on the London Metal Exchange amid positive data out of China and supply concerns. Top metals…...
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Zinc-Air Batteries Are Light, Cheap, Green—Are They Ready for Cars?
January 19, 2021Can the technology make the leap from hearing aids to Teslas? It won’t come as a surprise to you that the lithium used in most…...
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The Great Copper Boom Is Running on Scrap
January 5, 2021Traders around the world are betting on a post-lockdown economic rebound. You can see that in stock prices and oil futures—but also in the copper…...
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Transparency is the first step as we forge a more sustainable future for metals
December 17, 2020Metals form the backbone of today’s industrialised world – from the steel in our buildings and aluminium in our cars, to the copper in our…...
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Zinc: Back on track after a turbulent year of mine supply
December 17, 2020After a turbulent year of zinc mine supply, the market is set to return to growth but this is unlikely to happen until after the…...
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Copper pushes towards highest since 2013 with $8,000 in sight
December 17, 2020Copper prices neared their highest in almost eight years on Thursday as stockpiles around the world fell, the U.S. Federal Reserve promised to pump more…...
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Goldman says copper bull run ‘fully underway,’ sees potential for record high
December 2, 2020Copper, which is used in everything from power to construction, has risen more than 22% this year, on pace for its best year since 2017.…...
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Clean technology investment puts copper demand on fast-forward
December 2, 2020Copper supply deficits could start as soon as next year, putting upward pressure on prices. Strong market fundamentals are good news for Australian copper hopefuls…...
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Copper bull market now fully under way – Goldman Sachs
December 2, 2020The bull market for copper is now fully underway with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on…...
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McArthur River Zinc-Lead Mine
December 1, 2020The McArthur River zinc-lead mine located in the Northern Territory of Australia has been operational since 1995. Owned and operated by McArthur River Mining (MRM),…...
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Cochilco says copper to return to surplus in 2021
December 1, 2020A strong recovery by China from the COVID-19 pandemic sets the stage for strong copper growth in 2021, Jorge Cantallopts of Chile’s state copper agency…...
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Copper Shines, Gold Struggles as Investors Chase Riskier Assets
November 30, 2020Photographer: Dado Galdieri/Bloomberg Copper powered to a seven-year high as the rush for growth played out in metals markets, with traditional haven gold dropping amid…...
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Copper, aluminium rise to new 2020 highs
November 30, 2020Copper and aluminium prices reached new year-to-date highs at the close of trading on the London Metal Exchange on Monday November 30, while the rest…...
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Green trend stirs copper and nickel markets as supply tightens
November 30, 2020The price of copper, which will be even more necessary for electric vehicles and renewable energy generators such as solar panels, is increasing this year amid surging demand.…...
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What Makes Copper One of the Most Highly Traded Commodities?
November 27, 2020Copper is considered one of the oldest known and traded commodities and has a large bearing on the worldwide economy, but what makes it so?…...
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Copper Hits Seven-Year High as Demand Hopes Build
November 27, 2020BC-Copper-Hits-Seven-Year-High-as-Demand-Hopes-Build , Bloomberg News Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on…...
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Hong Kong is the real loser from new China copper contract
November 27, 2020China’s long-awaited international copper contract made its debut last week. A worker checks copper wires at Truong Phu cable factory in northern Hai Duong province,…...
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Base metals bullish; copper, nickel in driving seat
November 27, 2020The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed. Chinese industrial profits surged by 28.2%…...
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No-deal Brexit would cripple domestic UK aluminium scrap market
November 27, 2020With just 35 days remaining until the United Kingdom withdraws from the European Union, the country’s potential departure from the EU single market could see…...
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Copper Prices Send A Bullish Signal About Green Growth
November 26, 2020Copper prices notched an 8-year high this week. MARINA LYSTSEVA/TASS Copper prices have a message for the world: expect to make a lot of wind…...
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Nickel, metals lead bullish rally in Indonesian mining stocks
November 26, 2020A view through a pair of glasses shows a man passing before a giant stock ticker display on March 2, 2019 at the Indonesia Stock…...
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ICSG Indicates Apparent Deficit for Refined Copper Until August
November 25, 2020The world refined copper production increased by 1.2% in the first eight months of 2020. The International Copper Study Group (ICSG) has published November 2020…...
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Copper to test the 2017 and 2018 highs at $7254/7348 – Credit Suisse
November 25, 2020Strategists at Credit Suisse have maintained a bullish view for copper since September with the market now at the initial upside objective of the 2017…...
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Copper Pauses Near 6-Year High as Investors Eye Path to Recovery
November 25, 2020BC-Copper-Pauses-Near-6-Year-High-as-Investors-Eye-Path-to-Recovery , Mark Burton Gold pared some losses and copper drifted from a six-year high as global stock markets steadied following Tuesday’s su...
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What do you trust – copper/gold ratio or bonds?
November 25, 2020On the similar subject as the previous post, bonds are not “buying” the recent excitement. One has to give… Source: Refinitiv View: Source View: More news...
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Nickel Superalloy Market projected to exceed $10 billion by 2026
November 25, 2020The global Nickel Superalloy Market was estimated at $7.5 billion in 2019 and is slated to surpass $10 billion by 2026, registering a CAGR of 6.7% from 2020 to 2026. The…...
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LME aluminium price fell for the second day in a row
November 25, 2020LME aluminium price fell for the second day in a row to $1964.5/t; SHFE rose to $2434/t Three-month LME aluminium rose 0.91 per cent to…...
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There’s Not Enough Copper For a Green Wave, so Buy These Miners
November 24, 2020The shift to renewables is here and is only getting stronger, and investors don’t seem to be getting enough of it. But the industry faces…...
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A second wave of stockpiling in China is ahead
November 24, 2020China’s appetite for metals is insatiable. Evidence from aluminium markets suggests a second wave of stockpiling is occurring as the Middle Kingdom’s industrial engine prepares…...
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Speculative heat keeps copper market bubbling
November 24, 2020The copper price hit a fresh 2020 high on Tuesday morning. London Metal Exchange (LME) three-month metal extended its remarkable recovery from the March lockdown…...
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Copper: LME prices extend rally over US$7,000/tonne
November 16, 2020LME copper rallied to the highest since June 2018 with the 3M contract price being traded above US$7,170 this morning, after positive macro data from…...
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China may launch yuan-denominated copper contract on Shanghai exchange as global appetite for metal soars
November 16, 2020The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates.…...
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SHFE aluminium price hits three-year high on improved macro, strong demand
November 13, 2020The Shanghai Futures Exchange aluminium price rose to a three-year high on Friday November 13 on expectations of a better macroeconomic environment following the end…...
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Aluminium market cautious despite LME spread recovery, price rise
November 13, 2020The London Metal Exchange three-month price for aluminium was at a year-to-date high and spreads have flipped back into contango, but bullish futures have yet…...
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Copper slides as vaccine optimism fades, dollar climbs
November 11, 2020Copper prices fell on Wednesday as worries about growth and demand resurfaced on fading optimism about vaccines to the end the COVID-19 crisis, and were…...
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Why Sustainable Nickel Supply Could Becoming A ‘Serious Issue’ For EV Market
November 11, 2020The electric vehicle market has had some bumps in the road, but the industry has continued to move forward and to succeed by continually adapting……...
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Base metals prices consolidate gains after Monday’s double dose of positivity
November 10, 2020Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly lower this morning, Tuesday November 10, while prices consolidated after…...
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2 Reasons For Higher Nickel Prices
November 10, 2020Summary Nickel will follow copper – the leader of the LME base metals. EVs require nickel, and the market is growing. The LME is the…...
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China’s copper import boom leaves other metals cold
November 9, 2020China’s record-breaking copper import boom rolls on. Imports of unwrought copper were a whopping 618,000 tonnes in October, bringing the year-to-date total to 5.6 million…...
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Covid-19 vaccine news pushes LME nickel price up 2.4%
November 9, 2020The three-month nickel price on the London Metal Exchange remained the standout performer at the close of trading on Monday November 9, while a steady…...
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Investing In Copper For The Long Term (When To Buy Copper Miners)
November 6, 2020Summary I am bullish long term on copper because of the middle class explosion that is happening globally and especially in Asia. Electric vehicles and…...
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Gold and copper set for best week since July
November 6, 2020Precious metals rallied as Joe Biden advanced in the presidential race Gold and copper headed for the biggest weekly gain since July as Joe Biden…...
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Proposal to amend pricing frequency of zinc spot concentrate TC price assessment
November 6, 2020Fastmarkets proposes to change the frequency of its price assessment for MB-ZN-0110 zinc spot concentrate TC, cif China, $/tonne to bi-monthly from once per month presently because…...
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Chinese aluminium spot price rebounds by 12.3% in Q3 – MIIT
November 6, 2020China’s aluminium ingot prices have gradually recovered since July to an average price of 14,634 yuan ($2,192) per tonne for the third quarter, according to…...
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Gold gains, copper slips with Biden expected to clinch victory
November 5, 2020Gold climbed over $1 900 and copper fell as investors awaited the final outcome of the US Presidential election, with Joe Biden on the brink of taking the White House…...
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Copper and gold take relaxed view of tight U.S. election
November 5, 2020Gold and copper are often viewed as commodity barometers of economic concern and growth, respectively, and both had a fairly muted reaction to what markets…...
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Spot zinc premium up in US, Taiwan, falls in Europe
November 4, 2020Zinc premiums in the United States and Taiwan rose over the week to Tuesday November 3 while in Northern Europe spot zinc premiums dropped amid…...
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Canadian aluminium sector expects a change in presidency in the White House
November 4, 2020The American election is attracting attention in the whole world, but for Saguenay – Lac-Saint-Jean in Canada, it is very much critical. Major sectors of…...
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Gold and copper little changed as market awaits US election result
November 4, 2020HIGHLIGHTS Some surprise on lack of gold price action UBS bullish long-term copper Copper should benefit from renewables push As the world awaits the results…...
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Silver, Copper Brace for US Election Results, Fate of Stimulus, Trade Wars
November 3, 2020SILVER, XAG/USD, COPPER, US PRESIDENTIAL ELECTION, TECHNICAL ANALYSIS – TALKING POINTS Silver and copper prices consolidating ahead of US election How can the outcome influence XAG/USD and the r...
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LME’s “green aluminum” plans opposed by industry
November 3, 2020Aluminum production is carbon-intensive. It requires large amounts of electricity, as well as the mining of bauxite and the refining of alumina. (Stock image.) The…...
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Funds place their bets on copper going into U.S. election
November 3, 2020Funds are betting on copper as a likely winner from the U.S. election. A truck exits the mine after collecting ore from 516 metres below…...
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Industrial metals gain as aluminium hits 18-month high
November 3, 2020A weaker dollar, meanwhile, also buoyed metals because that makes them cheaper for non-US buyers. Prices could retreat as new coronavirus restrictions slow economic growth…...
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Clean, green copper of Northern Cape will be nigh free of charge
November 3, 2020Photo by Creamer Media Orion Minerals Prieska project in the Northern Cape. The clean, green copper that Orion Minerals will mine with the help of the…...
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Copper drifts lower as investors question recent rally
October 23, 2020Copper eased on Friday as some investors questioned whether recent gains were exaggerated and not fully supported by supply and demand fundamentals. Benchmark copper stormed…...
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China reverts to net aluminium exporter in Sept; imports remain strong
October 23, 2020* China Sept aluminium imports up 642% y/y at 356,000 T – customs * Country was net importer in July, Aug for 1st time since…...
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China Economic Rebound Pushes Copper Prices to Multi-Year High
October 22, 2020The industrial metal, seen as a proxy for global growth, has surged on stronger demand and low inventories Copper has countless industrial applications and has…...
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Copper’s ‘unignorable’ strength is saying bullish things about the economy
October 22, 2020Stubborn 2-year Treasury yields and languishing bank stocks fail to confirm message: analyst Copper is in demand. SAM PANTHAKY/AGENCE FRANCE-PRESSE/GETTY IMAGES “Dr. Copper” is offering…...
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Cobalt, nickel price rally lifts EV Metal Index to 2020 high
October 22, 2020Audi e-tron comes in cobalt blue. Image:Audi The MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including…...
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Apparent aluminum deficit drives up spot prices against longer dates
October 20, 2020Shortages of aluminum for financing deals have significantly boosted prices of metal that can be bought for spot delivery or on physical markets against those…...
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Aluminum Prices Surge as Chinese Demand Accelerates
October 20, 2020Stockpiles of the metal have been declining as the Chinese economy has roared back to life Aluminum prices are hovering around 18-month highs as investors…...
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Copper steady, waiting for outcome of U.S. stimulus talks
October 20, 2020* Surging coronavirus infections in Europe a worry * Concerns about wider disrutions in China support copper (Recasts, adds comment and London dateline) Copper prices…...
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Copper concentrate production hits record high in H1
October 20, 2020Production of copper concentrate in Iran stood at 599,624 tons during the first half of the current Iranian calendar year (March 20-September 21). Copper concentrate…...
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Copper to target the 7000.00 mark on a clearance of September high at 6877.50 – Commerzbank
October 20, 2020Copper (LME) still targets the 6877.50 September high, a rise above which would target the 7000.00 mark, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank,…...
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Nickel export squeeze could lead to some more upside
October 20, 2020Issues due to the COVID-19 pandemic are set to hit nickel exports from Indonesia. It has been said exports are expected to decline by 7.4%…...
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Mining giant cites Tesla’s battery efforts as a sign of nickel’s potential in the clean energy sector
October 16, 2020During the Diggers and Dealers forum in Kalgoorlie, Australia on Tuesday, Eduard Haegel, the asset president for BHP’s Nickle West subsidiary, stated that calls from…...
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The Copper/Gold Ratio Could Change The Macro
October 16, 2020The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a…...
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Robust demand prospects propel aluminium to 17-month peak
October 16, 2020* Aluminium stocks in Shanghai have halved since March * LME copper stocks rise, weighing on prices (Updates with official prices) LONDON, Oct 16 (Reuters)…...
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Base metals 2021 negotiations start in virtual ‘mating season’
October 16, 2020With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about…...
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Copper extends gains on China demand hopes, supply risks
October 16, 2020Copper prices rose on Friday as hopes of strong demand in top metals consumer China and risks of supply disruptions outweighed concerns that a resurgence…...
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Copper rises as robust demand trumps worries about virus
October 15, 2020Copper prices rebounded on Thursday as strong demand in top consumer China overcame concerns that rising COVID-19 cases around the world will dampen global growth.…...
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Developing Markets Heap Greater Importance on Nickel Production
October 15, 2020Nickel is a crucial element used for several applications such as manufacturing nickel steels, electroplating and superalloys. Overall, the increasing rate of industrialization coupled with…...
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Aluminum Shines As China Demand Leads The Way
October 14, 2020If you were an investor fixated on gold or copper this week and witnessing returns in the red or just flat, there’s another metal you…...
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Pricing Notice: Update on low-carbon aluminium pricing
October 14, 2020Fastmarkets is updating market participants on its initiative to price the physical low-carbon aluminium market. Due to feedback received already, Fastmarkets has narrowed down the…...
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The Lesson From The Copper Market
October 14, 2020Summary A sudden increase in visible LME copper stocks in late September. A vicious selloff in the copper market. China owns the LME. Tampering with…...
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Three-month LME aluminium ended lower at US$1,853/t; SHFE aluminium rose 0.9%
October 14, 2020Three-month LME aluminium hit the highest in more than one year at US$1,858.5 per tonne earlier in the session, ending 0.16% lower at US$1,853 per…...
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Copper: Bullish outlook while above $6226 – Credit Suisse
October 14, 2020Copper (LME) still maintains its bull “flag” and strategists at Credit Suisse stay bullish with the next target at $6875 and then the 2018 high…...
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Chinese zinc arbitrage window opens; Indian lead premiums up
October 14, 2020The Shanghai zinc premium was unchanged in the week to Tuesday October 13 despite rising arbitrage opportunities, while spot interest for both European zinc ingots…...
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Aluminium: Facing turbulence with resilience
October 14, 2020The aluminium market has faced the recent macro turbulence with some resilience and LME 3M prices rallied above US$1,850/tonne this week. Major uncertainties around some key…...
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Copper drifts higher on Chile labour talks, U.S. stimulus hopes
October 14, 2020Copper gained on Wednesday as investors gauged potential threats to supply from Chile, while pricing in more U.S. stimulus spending after the election and steady…...
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LME copper price falls despite 12kt fresh cancellation; tin holds gains
October 13, 2020The three-month copper price on the London Metal Exchange softened toward the $6,700-per-tonne support level during morning trading on Tuesday October 13, despite another fresh…...
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TSX falls as materials sector drags on weaker bullion, copper prices
October 13, 2020Canada’s main stock index fell on Tuesday after a long weekend, dragged by materials sector that shed 2.2% on weaker bullion and copper prices. *…...
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Peru copper output slips back 10% in August; zinc, tin production up
October 8, 2020Peruvian copper production volumes fell back into decline in August due to lower output from Southern Peru Copper Corp and Antamina, but the country continued…...
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LME aluminium declines marginally by 0.54% to stand at US$ 1745.5 per tonne
October 8, 2020Benchmark aluminium price on London Metal Exchange dropped 0.54 per cent to US$ 1745.5 per tonne on Wednesday, October 7, from US$ 1755 per tonne on…...
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LME nickel price rises 1.5%
October 8, 2020The three-month nickel price on the London Metal Exchange was the standout performer during morning trading on Thursday October 8, with hopes of an impending…...
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California Sees Zinc As Likely Successor To Lithium-Ion In Energy Storage
October 6, 2020California is betting that zinc batteries can be better, cheaper and safer than lithium-ion. GETTY California officials expect zinc energy-storage technologies to help the state…...
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US aluminium plates, sheets and bars exports to Canada hike 47% M-o-M in July
October 6, 2020According to the US Geological Survey data, the United States in July 2020 exported 26,600 tonnes of aluminium plates, sheets and bars to Canada. In…...
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Base Metals And Industrial Commodities – Third Quarter 2020 Review
October 6, 2020Summary Base metals rose 8.95% in Q3. Zinc – The leader of the nonferrous metals on the upside. All base metals post gains – Double-digit…...
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LME aluminium rose 2.14% to close Monday’s trading at US$ 1741.5 per tonne
October 6, 2020Benchmark aluminium price on London Metal Exchange rose 2.14 per cent to US$ 1741.5 per tonne on Monday, October 5, from US$ 1705 per tonne on…...
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Nickel forecasting fraught with danger
October 6, 2020Forecasting the nickel price would seem a mug’s game at the best of times let alone in the current era of uncertainty featuring the impact…...
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Nickel supply to drop by 2025 – Macquarie
October 6, 2020Global financial services provider Macquarie Group has called for investment into the nickel sector, despite an anticipated oversupply in the near-term. Speaking at the Paydirt…...
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Will copper find near term sellers?
October 5, 2020Copper fell in September for the first time in 5 months. You can see the recent strength in Copper in the chart below. Check out…...
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Copper sellers on pullbacks?
October 5, 2020Copper prices took a tumble last week as Copper took its first monthly decline in 5 months. Rising COVID-19 cases and falling expected global demand…...
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WBMS Metals Balances Signalled Surplus Nickel Market
October 5, 2020The world apparent demand for nickel has dropped by 109kt year-on-year. The world nickel market ended in surplus during the initial seven-month period of the…...
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US aluminium prices are sliding anticipating tariff exemptions for UAE & Bahrain
October 2, 2020Aluminium prices for US consumers, especially from the transport, construction, and packaging industries, are decreasing as the market is anticipating tariff exemptions for producers in…...
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WBMS Metals Balances Indicates Deficit Copper Market Until July
October 2, 2020The world copper mine production during January to July this year totalled 11.74 million tonnes, higher by 0.1% when compared with the year-ago period. The…...
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Silver and Copper Prices Gained in the Quarter. That’s a Bullish Sign for the Economy.
October 2, 2020Industrial metals posted gains in the third quarter, with silver up sharply and copper touching its highest prices in over two years, suggesting that the…...
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The Dollar And Copper Demand – VanEck
October 1, 2020Summary To me, right now, the most important trend, a macro trend, is where the dollar’s headed. The dollar’s fallen about 10% from its March…...
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Copper price in biggest drop since height of pandemic
October 1, 2020The copper price rally came to an abrupt halt on Thursday with the bellwether metal experiencing one of the worst one-day price drops on record.…...
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LME copper price hammered lower as stocks increase
October 1, 2020HIGHLIGHTS LME stocks up over 90,000 mt in a matter of days EV story has helped recent bull run Chinese buying remains key ballast The…...
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Copper edges to one-week high on stimulus hopes and China
October 1, 2020Copper prices edged to their highest in a week on Thursday as optimism over China’s recovery and hopes for a fresh inflow of U.S. stimulus…...
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Nickel Monthly News For The Month Of September 2020
October 1, 2020Summary Nickel spot prices were slightly lower in September, and the LME inventory was slightly lower than last month. Nickel market news – Battery metals…...
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Nickel ore rally continues, sulfate dips
September 30, 2020China nickel ore prices continued their ascent in the week to Tuesday September 29 – outstripping other regional prices – while United States briquette premiums…...
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Copper Rises After Upbeat Chinese Economic Data
September 30, 2020Copper prices climbed Wednesday, advancing back toward a multiyear high hit in mid-September after data showed China’s economic recovery is gathering momentum. Most actively traded…...
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US primary aluminium output stands at 82,000 tonnes in July 2020
September 29, 2020According to the latest report from the US Geological Survey, US domestic primary aluminium production was 82,000 tonnes in July 2020. The average daily production stood…...
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World Zinc Ores and Concentrates Market Report 2020
September 29, 2020This report has been designed to provide a detailed study of the global zinc ore market. It covers the most recent data sets of quantitative…...
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LME aluminium price grew significantly by $28.5/t to $1737/t; SHFE price extended hike to $2113/t
September 29, 2020The dollar pulled back from a two-month high against a basket of currencies on Monday, September 28, as equities rallied after four straight weeks of declines ahead…...
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Copper prices edge up, but steady U.S. dollar caps gains
September 29, 2020Copper prices advanced on Tuesday, though gains were capped as a steady U.S. dollar made greenback-priced metals less attractive to holders of other currencies. Three-month…...
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Copper prices under pressure from inventories and dollar
September 29, 2020Copper eased on Tuesday as inventories in London Metal Exchange registered warehouses jumped and the dollar’s recent gains weighed on prices as the market waited…...
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LME base metals prices consolidate; copper gets fresh 34kt inflow
September 29, 2020Three-month base metals prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday September 29, with a fresh inflow of more…...
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Copper to fall towards the 6226 August low – Commerzbank
September 29, 2020Copper (LME) formed a top at 6877.50 and is set to slide further towards the August low at 6226.00, according to the Technical Analysis Research…...
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Copper gains capped by long-term prospects, higher stocks
September 28, 2020* Premium for cash over 3-month copper contract now a discount * Eyes on surveys of China’s manufacturing sector (Updates with official prices) Copper prices…...
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Nickel Export Up in July
September 28, 2020According to the RF Federal Customs Service, during January-July 2020 Russia exported 1.4 mn tons of unwrought aluminum, down 26.5% year-on-year. In terms of value,…...
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China nickel sulfate price dips; nickel ore market continues to strengthen
September 28, 2020The price of nickel sulfate in China edged down slightly in the week to Friday September 25, while the rally in nickel ore continued. Fastmarkets…...
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Heavy metals look set to falter
September 25, 2020After many months of gaining industrial metals we are starting to see some falls. This is due to the rising COVID-19 cases which is starting…...
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Why the copper market is vulnerable to sellers
September 25, 2020Industrial metals had been gaining for many months. However, new we are starting to see some falls. The reason for the falls is because of…...
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Copper steadies as market waits for cues from data
September 25, 2020Higher dollar triggers profit-taking on long copper Premium for cash over 3-month copper contract narrows (Updates with official prices) LONDON, Sept 25 (Reuters) – Copper…...
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European producers welcome EU provisional duties on China aluminium
September 24, 2020European aluminium producers on Thursday welcomed a decision by the European Commission to impose provisional anti-dumping duties of up to 48% on aluminium extrusions from…...
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LME Criticized For Planned Launch of Low Carbon Aluminum Platform
September 23, 2020Various metal industry sources said that the London Metal Exchange (LME) need not have to introduce a separate platform to trade low carbon aluminum. Earlier…...
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Copper, a Potential Casualty of Further Dollar Strength
September 23, 2020Copper’s impressive recovery from the March low, has paused on a combination of slowing momentum and signs of weakening fundamentals. The steep uptrend from the…...
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LME’s new initiatives will help market find answers to low-carbon aluminium pricing
September 23, 2020The London Metal Exchange’s new package of sustainability proposals should aid the discovery process of low-carbon aluminium pricing, chief executive officer Matthew Chamberlain said. Speaking…...
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Metal industry sees no need for LME green aluminium platform
September 22, 2020The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more…...
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Significant demand from China to boost Zinc prices
September 22, 2020Zinc, the galvanizing metal, surged over 7 per cent and 5 per cent on the LME and MCX respectively since August’20 as the recovery narrative…...
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China’s rising demand for copper becomes driving force for global copper industry
September 22, 2020Global copper prices have reached a two-year record high in part thanks to the speedy recovery of China’s economy in the post pandemic era. Industry…...
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Nickel market – is a boom or bust ahead of us?
September 21, 2020Volatility in the gold market continues. I’m not sure when it will end. With the gold market moving mostly sideways, base metals have been on…...
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Rapid Chinese economic recovery will drive physical nickel demand, prices – Citi
September 21, 2020Bearish supply fundamentals and a high London Metal Exchange three-month price continue to spark debate in the nickel market, but while Citi maintains that the…...
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Copper pulls back from two-year peak on resurgent coronavirus
September 21, 2020Copper prices eased back on Monday from their highest in more than two years as COVID-19 cases surged, threatening to curb economic activity and metals…...
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China nickel ore prices continue to rally on tight supply, bullish sentiment
September 21, 2020Nickel ore prices in China maintained their upward momentum in the week ended Friday September 18, driven by tight supply and bullish sentiment ahead of…...
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Copper hits two-year peak on speculative buying and China hopes
September 18, 2020Copper touched its highest in more than two years on Friday as speculators extended their buying spree on a recovery in top metals consumer China…...
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Tesla’s ‘giant contract’ promise boosted Nickel’s rally
September 18, 2020Battery day on September 22 where Elon Musk is said to be unveiling many exciting things at its battery day on September 22. Speculation galore…...
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Green Metals See A Boost on COVID-19 Response
September 17, 2020Unprecedented stimulus has led some countries to focus on a green recovery with more renewables and lower emission vehicles. One policy response to the COVID-19 pandemic has…...
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6 Months Of Gains In Copper Could Continue
September 16, 2020Summary Copper has been a bullish beast since March. Inventories are dropping as production issues and Chinese demand empty warehouses. FCX has exploded higher since…...
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Rising Chinese demand pushes zinc towards 16-month high
September 16, 2020Zinc prices on Wednesday pushed towards the 16-month highs hit earlier this month as resurgent Chinese industry bolstered the outlook for demand and the yuan…...
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Copper prices near 2-year high as Chinese factory output accelerates
September 15, 2020Benchmark copper on the London Metal Exchange was down 0.2% at $6,783 a tonne at 0944 GMT but within striking distance of a 26-month high…...
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LME aluminium price climbed up by US$2.5/t to stand at US$1749/t; SHFE increased to US$2146/t
September 15, 2020The US dollar slipped on Monday, September 14, against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19…...
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Aluminium ingot price hikes by RMB 30/t
September 15, 2020SMM aluminium ingot price registered a hike of RMB 30 per tonne to stand at RMB 14610 per tonne on Tuesday, 15 September 2020. The price is…...
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Three-month LME aluminium slid 0.17% to close at US$1,775/t; SHFE aluminium fell 0.94%
September 14, 2020Three-month LME aluminium slid 0.17% to close at US$1,775 per tonne in choppy trading on Friday. It is likely to move between US$1,760-1,800 per tonne…...
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Demand cheer helps copper hold near 26-month peak
September 14, 2020Copper prices rose on Monday as strong demand in top consumer China, historically low inventories in London Metal Exchange approved warehouses and a lower dollar…...
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LME zinc price climbs 2.3% in morning surge; fresh cancellation sees copper pass $6,700/t
September 11, 2020The three-month zinc price on the LME was the standout performer during morning trading on Friday September 11, while an 11,500-tonne fresh cancellation pushed LME…...
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Aluminium producers’ race to go green may fracture market
September 11, 2020Tesla is ordering giant aluminium casting presses for its assembly line in Germany. The “Gigapress” is the size of a small house and will replace…...
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Primary aluminium inventories in China stood 3,000 tonnes higher at 764,000 tonnes this week
September 10, 2020As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood…...
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Copper withers on doubts about further gains, ECG stimulus
September 10, 2020Copper prices slipped on Thursday as investors questioned whether its recent rally was exaggerated and were cautious ahead of a news conference by the European…...
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Copper edges higher as China recovery stays the course
September 9, 2020The metal has gained about 50% since March and is the best performer this year among base metals. Copper rose on Wednesday as Chinese producer…...
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GLOBAL ALUMINIUM WRAP: European premiums continue to climb; US, Japanese markets flat
September 9, 2020The recent uptrend in European aluminium premiums continued in the week to Tuesday September 8, while rates in Japan and the United States stagnated amid…...
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China’s August zinc output hits record high in nearly five years, research says
September 9, 2020China’s August refined zinc output rose 2.8 percent to 450,000 tonnes from last year, research house Antaike said on Wednesday, hitting a record monthly high…...
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Zinc price to enter long term structural decline in 2021
September 8, 2020Zinc prices will edge higher over the remainder of 2020, continuing a strong rebound from the lows posted during the initial covid-19 outbreak, according to Fitch…...
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Japan aluminium buyers to pay 11% higher premiums in Q4
September 4, 2020According to the latest Reuters update, the premium for aluminium shipments to Japanese buyers has been set at $88 per tonne for October-December. The premium…...
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Copper Heads for Historic Squeeze With China’s Demand Red-Hot
September 3, 2020BC-Copper-Heads-for-Historic-Squeeze-With-China’s-Demand-Red-Hot , Mark Burton and Libby Cherry (Bloomberg) — The global copper market could be on the cusp of a historic supply squeeze as Chines...
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China’s aluminium billet inventories stood 4,000 tonnes higher at 60,200 tonnes
September 3, 2020According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased 4,000 tonnes from last week. Higher arrivals…...
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Key takeaways from the latest Base Metals Market Tracker
August 26, 2020These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc…...
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UK secondary aluminium ingot prices surpass pre-pandemic levels
August 26, 2020UK secondary aluminium prices continued to rise on Wednesday August 26, with a regional supply squeeze pushing LM24 ingot prices above the levels seen before…...
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Zinc price outperforms, China steel demand a strong tailwind
August 25, 2020LONDON (Reuters) – A tailwind for zinc demand from booming Chinese steel production has pushed prices of the galvanizing metal to their highest in more…...
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New nickel price launched as attention shifts to green supply
August 25, 2020Red not green: Basamuk Bay (Photo: Elisha Wesley Mizeu | Facebook) The price of nickel held onto nine-month highs on Tuesday as focus in the…...
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Copper supported by low stocks and weaker dollar
August 25, 2020Nickel prices hit highest since November 2019. Cash copper still at a premium to 3-month contract. LONDON: Copper prices steadied on Tuesday as uncertainty about…...
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Chinese aluminium imports up more than sixfold in July
August 25, 2020China’s imports of unwrought aluminium and aluminium products soared by more than sixfold on a year-on-year basis in July, while copper shipments also increased, but…...
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Are You Positioned for a Copper Price Explosion?
August 24, 2020Copper will be the next metal to break out in 2020, and it’s all about demand. The price of copper just broke through $3.00 per…...
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Copper Prices Rise Above $3 Amid Growth Hopes
August 21, 2020Copper rose above $3 a pound for the first time in more than two years on Wednesday, extending a recent rally driven by steady Chinese demand and…...
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Positive economic outlook drives base metals higher
August 20, 2020Base metals have been enjoying a fantastic rally in recent times, thanks to a combination of circumstances. Positive macroeconomic outlook, huge liquidity boost, weaker dollar…...
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Copper price jumps to 2-year high
August 19, 2020Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.…...
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Iron ore prices jump to six-year high
August 18, 2020Seaborne iron ore prices hit a six-year high today on tight port stocks of mid-grade ores and optimism about Chinese demand on fresh injection of…...
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Copper gains for third session on Chinese recovery, weak dollar
August 18, 2020LONDON — Copper prices gained on Tuesday for a third straight session, lifted by optimism over economic recovery in top metals consumer China and by…...
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Nickel jumps to near 9-month peak Philippine supply worries
August 17, 2020LONDON, Aug 17 (Reuters) – Nickel prices surged on Monday to the highest in nearly nine months on concern about supply from major producer the…...
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China’s booming copper imports an echo of the last crisis
August 13, 2020China’s imports of industrial metals are booming. Refined copper imports hit an all-time high of 494,000 tonnes in June and accelerated again in July with…...
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Copper rises as stocks and oil rally, dollar slips
August 12, 2020LONDON — Copper rose on Wednesday as stock markets rallied, oil prices climbed and the dollar weakened, though lackluster factory data in Europe fed concerns…...
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Stainless surge revives nickel, but surplus still looms
August 12, 2020Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a…...
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Copper price snaps back as China imports soar 81%
August 11, 2020Copper futures prices rebounded sharply on Monday on the back of a surge in Chinese imports of the metal widely used in industry and construction.…...
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Iron Ore Price Rally Defies Coronavirus-Induced Recession
August 10, 2020SYDNEY — Iron ore is behaving like a boom-time commodity in an economic recession, confounding many investors who had expected prices to buckle as global…...
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China copper imports surge to record as arbitrage pulls in metal
August 7, 2020China’s copper imports rose to a record for a second straight month in July, customs data showed on Friday, buoyed by favourable international prices that…...
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Trump imposing new aluminum tariff, Canada readies countermeasures
August 7, 2020OTTAWA — Canada is planning to retaliate with countermeasures after U.S. President Donald Trump announced his plans to impose a 10-per-cent tariff on Canadian aluminum…...
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Copper edges lower as output from Chile, Peru rises
August 5, 2020SINGAPORE — Copper prices declined on Wednesday, as rising production in top producing countries Chile and Peru pressures prices that rallied to multi-year highs last…...
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Nickel Prices Spike After Tesla’s Conference Call
August 4, 2020Nickel prices recently jumped after Tesla’s conference call. The trending EV market is creating more demand for the metal. Trends Expert Matthew Carr explains what…...
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Copper ticks higher on strong China data, weak dollar
July 31, 2020Copper prices recovered on Friday and were set for a fourth straight monthly gain, after strong factory activity in top metals consumer China raised hopes…...
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Aerospace recovery will lead metals into new territory
July 30, 2020The twin challenges of Covid-19 and climate change could subdue metals demand from the aerospace for years, but a recovery likely will bring with it…...
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As Precious Metals Sizzle, Can Copper Break $3?
July 29, 2020It took its peers on the precious side to help out, but copper could finally be on its way to shattering the $3 a lb ceiling that…...
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Aluminum expects increase in demand for role in electric vehicles
July 28, 2020A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminum and major opportunities for…...
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Forget the gold price, copper was most profitable covid-19 trade
July 27, 2020The gold price is approaching all-time highs above $1,900 an ounce. Investors are showering gold ETFs with money, which, if ever redeemed for physical bullion,…...
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Future copper supply imperiled by project freeze at top producer
July 24, 2020The pandemic is raising questions over the biggest copper producer’s ability to maintain output levels in the coming years and satisfy growing global demand. Like…...
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Tesla offers “giant contract” to responsible nickel miners
July 23, 2020Tesla (NASDAQ: TSLA) boss Elon Musk is calling miners to produce more nickel, a key ingredient in the batteries that power his company’s electric cars,…...
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Copper price surges to two-year high
July 22, 2020Copper futures prices rallied on Tuesday after the agreement of a massive economic stimulus plan in Europe, optimism about a covid-19 vaccine and ongoing worries…...
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Iron ore price hits one-year high as governments turn to infrastructure projects to fuel economic recovery
July 21, 2020The price of iron ore hit a one-year high of US$112 per tonne last week, underpinning the economic strength of a commodity that for years…...
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Base Metals: Aluminum, copper futures ease on low demand
July 20, 2020Base Metals: Aluminium prices on Monday softened by 0.18 per cent to Rs 136.50 per kg in futures trade as speculators cut bets amid subdued…...
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Is it time to short copper? Metal hits 2-year high this week as analysts turn cautious
July 15, 2020As many investors pile into copper futures amid an impressive rally, which saw prices hit two-year highs earlier this week, some analysts are now warning…...
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Iron ore price jumps to year high as Chinese imports soar
July 15, 2020Iron ore prices were hitting one-year highs on Tuesday as the economic recovery in China, where more than half the world’s steel is forged, surpasses…...
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Copper jumps to 2-year high on strike worries at Chile mine
July 13, 2020SINGAPORE, July 13 (Reuters) – Shanghai copper hit its highest in nearly 25 months on Monday, while London copper scaled a 24-month high, on supply…...
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Copper is surging, but it doesn’t mean economy is booming
July 10, 2020Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often…...
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Silver, copper, zinc used to make plastic conductive, more transparent
July 9, 2020Researchers at the University of Michigan have made plastic conductive while also making it more transparent by incorporating silver, copper, zinc and aluminium to sheets…...
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Copper punches towards January peak, boosted by Chile fears
July 8, 2020LONDON — Copper raced to its highest levels since January on Wednesday as speculators piled into the market, betting on further disruptions in top producer…...
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Copper market to tighten further — BMO
July 7, 2020Copper concentrate market looks to tighten further this year, according to BMO. “With [Chile] now having one of the worst COVID-19 infection rates in the world…...
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Global zinc production poised for gains – report
July 6, 2020Globally, mined zinc production will continue to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and begin production…...
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Helium and Copper to dominate in the 2020s
July 3, 2020The high tech revolution and new economy are creating boundless new applications for two commodities that will dominate the 2020s: copper and helium, said Gianni…...
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Moon richer in metals than previously thought — NASA
July 3, 2020Plans to start mining the Moon as early as 2025 became more attractive this week after a US National Aeronautics and Space Administration (NASA) team found evidence that…...
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Nickel Prices: Supply Surplus in 2020, But Well Poised for a Boom Over the Long-Run
June 30, 2020Nickel prices are now coming under the lens of the global investing community with prices of near-term nickel on the London Metal Exchange surging from…...
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Silver, copper prices mark an impressive recovery from March lows
June 26, 2020Industrial metal prices have seen an impressive recovery in recent weeks. Silver has nearly erased its loss for the year, and copper is looking to…...
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US to re-impose tariffs on Canadian aluminum imports
June 23, 2020The Trump administration is set to re-impose tariffs on aluminum imports from Canada next week, a move that is likely to cause a political uproar…...