January 2019

Antofagasta posts record 2018 copper production

Major copper concentrates producer Antofagasta achieved record production for 2018 in part due to higher-than-expected output from its Los Pelambres and Centinela projects, the company said on Wednesday January 23.

LIVE FUTURES REPORT 23/01: LME aluminium price climbs amid 94kt fresh cancelation; zinc appreciates 1.5%

Aluminium’s three-month price was higher during morning trading on Wednesday January 23, climbing above $1,900 per tonne after more than 131,000 tonnes was freshly canceled over the past two days.

SHFE vs LME physical arbitrage 23/01: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday January 23 *

GLOBAL COPPER WRAP: Global Cu markets quiet ahead of major holidays in Asia; European premiums pressured by ample spot supply

Global copper cathode premiums were largely stable in the week ended Tuesday January 22, with market activity in most regions slowing down ahead of major holidays across Asia early next month.

METALS MORNING VIEW 23/01: Metals prices consolidate while awaiting fresh direction

Three-month base metals prices on the London Metal Exchange had dipped in recent days on the back of global growth concerns and after follow-through buying from last week waned, but the complex is broadly up again with average gains of 0.3% this morning, Wednesday January 23.

LIVE FUTURES REPORT 23/01: SHFE base metals prices mixed while risk sentiment deteriorates; zinc finds support

Base metals prices on the Shanghai Futures Exchange exhibited mixed movements during Asian morning trading on Wednesday January 23, with the complex under pressure from increasing bearishness stemming from macroeconomic concerns.

IN CASE YOU MISSED IT: 5 key stories from January 22

Here are five Fastmarkets MB stories you might have missed on Tuesday January 22 that are worth another look.

Nyrstar suffers cyberattack; operations not affected

Global base metals producer Nyrstar announced late on Tuesday January 22 that it had been subjected to a cyberattack that has compromised its email communications and other IT systems.

LIVE FUTURES REPORT 22/01: LME aluminium price leads way, up 1.6%; lead also up but others fall

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday January 22, with gains limited by continued strength in the US dollar index, while low stocks and positive fundamentals failed to spur upward movements in prices.

LIVE FUTURES REPORT 22/01: Comex copper suffers heavy losses

Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.