November 2018

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Thursday November 22. After that, because of a public holiday, the next daily PDF will be downloadable on Tuesday November 27, 2018.

ASIA COPPER WEEK 2018 - INTERVIEW: China’s Belt and Road Initiative expected to generate 6.5mln tonnes of copper demand over next decade – consultancy firm exec

China’s Belt and Road Initiative is expected to generate around 6.5 million tonnes of copper demand across more than 60 Asian and European countries over 2018-2027, according to new research from MarchWin Consulting as commissioned by the International Copper Association (ICA).

Astor Management to pursue copper miner Atalaya for $60 mln in immediate payment [UPDATED]

Astor Management, a private company based in Switzerland, is demanding money owed by European copper producer Atalaya Mining amounting to €53 million ($60 million) following a UK Court of Appeal ruling, while a further €15.9 million in so-called “uptick payments” remains in dispute, the Swiss company said on Thursday November 15.

LIVE FUTURES REPORT 21/11: LME base metals prices gather momentum despite US-Sino trade rift; Al pushes higher on 10,000t rewarranting

Base metals on the London Metal Exchange were all higher during morning trading on Wednesday November 21, with risk-averse investors capitalizing on lower prices earlier in the week amid a slight downturn in the US dollar and continued uncertainty over US-China trade relations.

SHFE vs LME physical arbitrage 21/11: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 21 *

GLOBAL COPPER WRAP: Chinese premiums weaken further; European, US markets stable with participants focused on long-term contract talks

Copper cathode premiums in China continued to decline in the week ended Tuesday November 20 amid wide import losses and a sustained backwardation in London Metal Exchange forward spreads.

METALS MORNING VIEW 21/11: Metals prices firmer after shaking off broader market weakness

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.4% this morning, Wednesday November 21.

EUROPEAN MORNING BRIEF 21/11: SHFE base metals prices under pressure; Chinese buyers to shift to spot market for cobalt raw materials; agreement reached over EU cadmium cap

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday November 21.

LIVE FUTURES REPORT 21/11: SHFE base metals prices under pressure from rising risk-off sentiment

Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 21 amid a rise in risk-off sentiment stemming from weakness in global equity markets and a collapse in oil prices.

ASIAN MORNING BRIEF 21/11: LME base metals lower amid trade tension; Vanadium, ferro-vanadium hit record highs; LME to launch lithium contract

The latest news and price moves to start the Asian day on Wednesday November 21.