February 2020

INTERVIEW: Norsk Hydro resumes China ops but virus uncertainty remains, CEO say

Norsk Hydro has resumed operations at its plants in China following their extended closure due to the novel coronavirus (2019-nCoV) but whether all staff will return and what this and other logistical issues might mean for its business is unclear, the company’s chief executive officer said.

LIVE FUTURES REPORT 14/02: SHFE base metals' trade paths diverge

Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Friday February 14 amid sustained concerns over the novel coronavirus (2019-nCoV) situation in China.

IN CASE YOU MISSED IT: 5 key stories from February 13

Here are five Fastmarkets MB stories you might have missed on Thursday February 13 that are worth another look.

LIVE FUTURES REPORT 13/02: Strong rebound sees LME lead up 1.7%; copper nears $5,800

The three-month price for lead on the London Metal Exchange was higher at the close of trading on Thursday February 13, nearing the $1,900 per tonne resistance level on a 1.7% uptick, while a positive close for LME copper saw it also approach nearby resistance.

ALUMINA ROUND-UP: Index well supported; Atlantic discount remains at $11/t

The alumina index, fob Australia remained just above $280 per tonne so far this week amid quiet trading conditions.

China Hongqiao maintains 5.8mln tonne aluminium capacity despite virus outbreak

The novel coronavirus (2019-nCoV) has not affected China Hongqiao Group’s aluminium production, which is operating at its full running capacity of 5.86 million tonnes in Shandong province, the company confirmed to Fastmarkets.

AT A GLANCE: South32 earnings dive 48% in H1 FY20; ali, alumina production guidance steady

A summary of South32's earnings, alumina and aluminium production results for the first half of its 2020 financial year ended December 31, 2019.

LIVE FUTURES REPORT 13/02: Fresh 540t inflow does little to pressure LME tin price; lead tops gains

The three-month tin price on the London Metal Exchange consolidated during morning trading on Thursday February 13, with price action little affected by a 540-tonne inflow into LME-registered warehouses across Malaysia and Singapore, while lead futures gathered momentum over the morning.

MORNING VIEW: Markets weaker as changes in coronavirus data cause more uncertainty

A spike in the reported death toll from the novel coronavirus (2019-nCov) in China led to a pullback in risk asset prices in early trading this morning, Thursday February 13, but the spike is not all what it seems.

LIVE FUTURES REPORT 13/02: SHFE base metals prices broadly up; Al bucks trend

With the exception of those for aluminium, base metals prices on the Shanghai Futures Exchange ended the morning trading session on Thursday February 13 slightly higher than their closes on Wednesday.