November 2019

BATTERY RAW MATERIALS MARKET REPORT 29/11: Cobalt sulfate discount narrows, hydroxide prices fall

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

LIVE FUTURES REPORT 29/11: LME nickel sheds 2.3%; Al spread backwardations widen despite inflows

The three-month price of nickel traded on the London Metal Exchange continued its descent below $14,000 per tonne to close at $13,675 per tonne on Friday 29, down by 2.3%, amid stainless steel demand concerns and ongoing macro tension between the United States and China.

ALUMINA ROUND-UP: Fob India deals trade in high $280s; active week for LME futures contract

Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.

SHFE STOCKS REPORT 29/11: Base metals stocks mostly lower, copper inventories fall 11%

Copper stocks at Shanghai Futures Exchange-approved warehouses recorded the largest drop in percentage terms in the week ended Friday November 29.

LIVE FUTURES REPORT 29/11: 42kt of aluminium flows into LME warehouses

A significant 42,050 tonnes of aluminium was put back into London Metal Exchange-approved warehouses on the morning of Friday November 29 while metal holders’ bids to put nearby spreads into contango continue but as yet remain unsuccessful.

LIVE FUTURES REPORT 29/11: SHFE base metals prices mixed amid risk-off sentiment; nickel falls 1.1%

Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Friday November 29, with the complex under pressure following a pick-up in tensions between China and the United States.

ACW 2019: SHFE to speed up its pace of internationalization, especially in copper

The Shanghai Futures Exchange is moving closer to opening up to overseas investment with a recent feasibility study for the launch of qualified foreign institutional investors (QFII) and RMB qualified foreign institutional investors (RQFII) programs for copper and other products, the exchange’s senior manager of commodity trading section I told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from November 28

Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.

LIVE FUTURES REPORT 28/11: LME base metals prices capped by low volumes

Base metals prices traded on the London Metal Exchange were little changed at the close on Thursday November 28, with low trading volumes across the board by the 5pm kerb.

INTERVIEW: Sulfide ore puts us in prime position for battery demand – Nornickel

The emphasis on traditional mining and high-quality domestic sulfide ore deposits in Norilsk will give Russian mining company Nornickel a competitive edge in meeting growing battery demand, the company said in an interview with Fastmarkets.