January 2020

US aluminium scrap prices increase on offshore demand; A380.1 alloy price rises

Lingering demand from Asia caused prices for some aluminium scrap grades in the United States to climb again this past week despite the Lunar New Year holiday, celebrated January 24-30.

LIVE FUTURES REPORT 24/01: Risk-off sentiment sees LME nickel fall below $13,000; tin sinks below $17,000

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.

BATTERY RAW MATERIALS MARKET REPORT 24/01: Cobalt hydroxide payables increase further amid tighter spot supply

An overview of the battery raw materials markets and their price moves from the past week.

AT A GLANCE: Peru's Buenaventura misses 2019 guidance; copper, zinc output down

A summary of Buenaventura’s lead, zinc and copper production and sales volumes for the fourth quarter and full-year 2019, following the company's report released on Friday January 24.

COPPER CONCS SNAPSHOT: TC/RCs down in hope of rising demand in Apr

Fastmarkets' copper concentrates TC/RC index dips while the market pivots to second-quarter buying and participants expect greater spot demand to build during that time.

LIVE FUTURES REPORT 24/01: LME nickel price continues downtrend; copper ticks above $6,000/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday January 24, with price action continuing its descent against consistent inflows, while copper futures found support back above nearby resistance.

IN CASE YOU MISSED IT: 5 key stories from January 23

Here are five Fastmarkets MB stories you might have missed on Thursday January 23 that are worth another look.

US non-ferrous scrap exports rise in January-November 2019

Exports of non-ferrous scrap from the United States increased by 3.7% in the first 11 months of last year, reaching more than 2.8 million short tons, with aluminium the only metal to register an increase during the period.

Miner Hudbay names Kukielski president, CEO

Hudbay Minerals has appointed Peter Kukielski the company’s president and chief executive officer, the copper-zinc miner said on Wednesday January 22.

Chile's Codelco starts copper production of El Teniente expansion project

Chilean state-run copper producer Codelco started production from the expansion to its El Teniente division on Thursday January 23, 10 months ahead of schedule, the company said on the day.