November 2019

LIVE FUTURES REPORT 20/11: SHFE base metals prices edge up after China hints at further monetary easing; Cu gains 0.6%

Base metals prices on the Shanghai Futures Exchange were mostly up during the morning trading session on Wednesday November 20, with the complex finding slight support from improved investor confidence following reports that China’s central bank will loosen monetary policy to support economic growth.

ACW 2019: Copper smelters face risk of ‘overcapacity problem’ – Jiangxi Copper's Xu

Copper smelters will slow capacity expansions if market terms for copper concentrates fall to reflect a potential market deficit, Jiangxi Copper's Yuanfeng Xu said at Fastmarkets’ Asia Copper Conference in Shanghai on Wednesday November 20.

ACW 2019: World 'needs 14 Collahuasi mines' to meet copper demand by 2030 - Anglo American

Assuming stable growth in copper demand, the world is lacking investment in new mine projects amid expansion in smelting capacity, with a large gap seen in the mined copper balance over the next decade, according to Anglo American’s base metals chief.

IN CASE YOU MISSED IT: 5 key stories from November 19

Here are five Fastmarkets MB stories you might have missed on Tuesday November 19 that are worth another look.


A summary of base metals premiums from across the globe for the week to Tuesday November 19.

INTL FERRO-ALLOYS CONF: 2020 a 'transitional year' for nickel market balance, EV uptake – Norilsk Nickel

Next year will be a “transitional year” for the nickel market ahead of a shift into a structural deficit in 2021, Denis Sharypin, head of market intelligence at Norilsk Nickel, told delegates at Fastmarkets’ International Ferro-alloys Conference in Budapest, Hungary, this week.

LIVE FUTURES REPORT 19/11: LME nickel price sheds 1.1%; fresh inflows pressure Al

The three-month nickel price traded on the London Metal Exchange continues to languish below $15,000 per tonne at the close on Tuesday November 19 while fresh inflows continue to pressure nickel futures.

LIVE FUTURES REPORT 19/11: LME nickel price falls 1.2% to continue downward momentum

The three-month nickel price on the London Metal Exchange continued its downtrend during morning trading on Tuesday November 19, with price action coming under downward pressure from fresh inflows.

MORNING VIEW: Metals fail to catch risk-on appetite seen in equities

While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak.

LIVE FUTURES REPORT 19/11: SHFE base metals prices all down on continued uncertainty over US-China trade talks

Base metals prices on the Shanghai Futures Exchange were all down during the morning trading session on Tuesday November 19, with uncertainty over United States-China trade negotiations continuing to weigh on the complex.