January 2020

Capstone to double Cu output at Mexico mine

New drilling at the Cozamin copper-silver mine will allow the Canadian producer to double its annual copper and silver production by 2021.

PEOPLE MOVES: Codelco appoints manager of Ventanas to new smelter VP role

Chilean state-owned copper producer Codelco has appointed José Sanhueza Reyes, currently general manager of the Ventanas division, to the newly created role of smelter and refinery vice president, the company said on Friday January 31.

LIVE FUTURES REPORT 31/01: LME lead recoups losses in 2.8% uptick; tin follows up

The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.

BATTERY RAW MATERIALS MARKET REPORT 31/01: Cobalt hydroxide prices jump in January following continued steady buying

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

EUROPE STAINLESS STEEL: Prices stable despite higher surcharges; decreases by March - sources

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.

NORNICKEL AT A GLANCE: 2019 nickel, copper output up 5% y-o-y

A summary of Nornickel’s full-year production results 2019.

Cochilco forecasts global copper deficit in 2020, price up to $2.85 per lb

The supply-demand dynamics in the global copper market were likely to turn into a deficit in 2020, helping to boost the average price to $2.85 per lb during the year, Chilean state copper commission Cochilco said on Thursday January 30.

PRICING NOTICE: Proposal to discontinue $/lb prices for Midwest US aluminium, lead and zinc premiums

Fastmarkets proposes to discontinue the publication of the following premiums, on a $/lb basis:

LIVE FUTURES REPORT 31/01: LME lead price tops complex up 1.1%; zinc holds below $2,200/t

The three-month lead price on the London Metal Exchange was higher during morning trading on Friday January 31, climbing by more than 1% to show signs of improvement after slipping through key support levels over January, while zinc futures failed to push above nearby resistance.

IN CASE YOU MISSED IT: 5 key stories from January 30

Here are five Fastmarkets MB stories you might have missed on Thursday January 30 that are worth another look.