December 2018

BATTERY RAW MATERIALS MARKET REPORT 21/12: Cobalt sulfate discount narrows after metal prices slump

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

LME amends metal close-out schedule for second kerb session, extends zinc in trial period

The London Metal Exchange has amended its metals close-out schedule for the afternoon kerb session, switching the order of copper and lead and extending the zinc close-out on recommendation from the ring dealers committee, it said in a note to members on Friday December 21.

Rio Tinto completes sale of Grasberg stake for $3.5bln

Rio Tinto has concluded the sale of its entire 40% stake in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving state-owned PT Indonesia Asahan Aluminium (PT Inalum) and Freeport-McMoRan Inc.

NORTH AMERICAN MORNING BRIEF 21/12: Metro International winds down LME warehousing; global crude steel output rises; minor metals 2018 review

The latest metal markets news and price moves to start the North American day on Friday December 21.

SHFE vs LME physical arbitrage 21/12: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday December 21*

LIVE FUTURES REPORT 21/12: Quiet trading caps LME base metals prices; Al pressured by sanction relief

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday December 21, hindered by weak equity markets and oil futures which have kept investors risk-averse.

NEWSBREAK: Metro International withdraws from LME warehouse services in Europe, delists warehouse in Port Klang

Metro International Trade Services has withdrawn from London Metal Exchange warehouse services in Europe with immediate effect, while the company’s UK arm has simultaneously delisted a warehouse in Port Klang, according to a notice from the exchange on Friday December 21.

SHFE STOCKS REPORT 21/12: Lead inventories up 15%, zinc stocks down 14%

Base metals' stock level movements at Shanghai Futures Exchange-approved warehouses were mixed in the week ended Friday December 21, while lead, nickel and tin stocks rose and lead inventories increased the most at 15%.

METALS MORNING VIEW 22/12: Metals prices edge higher having found support, helped by a weaker dollar

The three-month base metals prices on the London Metal Exchange were mainly firmer this morning, Friday December 21, the exception being nickel which was down by 0.5%.

CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP export, domestic prices drop on sluggish demand in China

Key data from the Wednesday December 19 pricing session in Asia.