June 2019

Copper concs TCs drop marginally on traders purchase; Cobre Panama’s fresh supply hits market

Treatment charges (TCs) on copper concentrates are marginally lower this week because of further aggressive bids from traders on third-quarter tonnages despite fresh spot supply from the Cobre Panama greenfield project.

LIVE FUTURES REPORT 28/06: LME nickel closes week 5% higher; tin price slides

Nickel’s three-month price on the London Metal Exchange maintained weekly gains of around 5% at the close of trading on Friday June 28, closing at $12,690 per tonne while turnover was moderately light with some 8,800 lots of nickel exchanged by the close.

BATTERY RAW MATERIALS MARKET REPORT 28/06: Cobalt hydroxide prices slump in June against weakness in metal

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

Strike to end at Chuquicamata after Codelco reaches deal with unions [UPDATE]

Unionized workers at Codelco's Chuquicamata copper mining and smelting complex in Chile have accepted the company's offer of a new labor contract, union officials said in the early hours of Thursday June 27.

Spot blister copper RC drops below benchmark level on KCM outage, scrap tightness

June blister copper refining charges (RC) have dropped below the annual benchmark level on tighter spot supply following Konkola Copper Mine’s (KCM) output halt as well as a rising demand due to scrap shortages.

SHFE STOCKS REPORT 28/06: Nickel inventories up 19% vs last week

Nickel stocks on the Shanghai Futures Exchange rose to 20,464 tonnes as of Friday, up by 3,208 tonnes or 19% from last Friday, according to the SHFE’s latest inventory report.

Nyrstar's Port Pirie restart scheduled for mid-July

Nyrstar has confirmed that its lead smelter at Port Pirie, Australia, will now resume operations in the second week of July, extending its previous estimates of a late June restart, Fastmarkets learned on June 28.

LIVE FUTURES REPORT 28/06: G20 talks bolster LME nickel sentiment despite lackluster trading; zinc price approaches $2,500/t

The three-month nickel price on the London Metal Exchange held onto Thursday’s 2% gains during morning trading on Friday June 28, while market participants await developments in the global economic landscape from the G20 summit in Osaka, Japan.

MORNING VIEW: LME base metals run into further selling ahead of Trump-Xi meeting

The first day of the Group of 20 (G20) summit in Japan gets underway on Friday June 28. With world leaders gathering at the event, and a few notable meetings scheduled on the sidelines, market participants will be keeping a close eye on any developments.

LIVE FUTURES REPORT 28/06: SHFE base metals prices down ahead of G20 summit; Ni rises 0.2%

Base metals prices on the Shanghai Futures Exchange were mostly little changed to weaker during Asian morning trading on Friday June 28, with aluminium leading on the downside.