Codelco to present last offer for Chuquicamata workers unions by May 24

Representatives of Chilean state-owned copper producer Codelco will make their final wage and bonus offer to three workers’ trade unions for the Chuquicamata mine division by May 24, the unions said on Friday May 17.

17 May 2019 Renato Rostás

Copper concentrate TC/RCs dip to new 5-yr low; traders snapping up tender tonnages

Copper concentrates treatment and refining charges (TC/RCs) continued to edge down in the second week of May due to traders snapping up tender tonnages at low numbers, while smelters became hesitant in spot purchases.

17 May 2019 Julian Luk

LIVE FUTURES REPORT 17/05: LME base metals lower amid US dollar gains

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday May 17, with broad strength in the US dollar index pressuring commodity prices while trade tensions continue to deter investment.

17 May 2019 Hassan Butt

SHFE STOCKS REPORT 17/05: Lead inventories spike by 15%, rest of complex post marginal falls

Lead stocks held in Shanghai Futures Exchange-approved warehouses leapt by approximately 15% week on week on Friday May 17 due to weak demand.

17 May 2019 Karen Ng

LIVE FUTURES REPORT 17/05: LME Al ignores 45kt cancelation in poor morning trading

Aluminium’s three-month price on the London Metal Exchange declined during morning trading on Friday May 17, falling by 0.3% and shrugging off just under 45,000 tonnes of freshly canceled material from LME-registered warehouses in Asia.

17 May 2019 Hassan Butt

MORNING VIEW: LME base metals prices mostly weaker while cross winds cloud picture

The firmer tone of recent days has subsided this morning, Friday May 17, with some talk out of China that they are in no hurry to resume trade talks no doubt weighing on sentiment.

17 May 2019 William Adams

LIVE FUTURES REPORT 17/05: SHFE base metals prices mixed amid simmering US-China trade tensions; tin slides 0.7%

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Friday May 17, after positive US data releases overnight could offer only some respite from the continuing US-China trade war.

17 May 2019 Karen Ng

LIVE FUTURES REPORT 16/05: LME base metals trade higher despite thin volumes; tn price bucks trend

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Thursday May 16, with trade uncertainties broadly priced in while a stronger dollar tempered commodity buying over the afternoon.

16 May 2019 Hassan Butt

LIVE FUTURES REPORT 16/05: LME aluminium price climbs 0.5% amid 33kt fresh cancelation

Aluminium’s three-month price on the London Metal Exchange appreciated during morning trading on Thursday May 16, climbing to an intraday high of $1,864 per tonne after it was buoyed by a fresh cancelation of 33,050 tonnes.

16 May 2019 Hassan Butt

MORNING VIEW: LME base metals consolidate against mixed background

Although metals markets were mixed this morning, Thursday May 16, the downward trends on the charts seem to have halted; key now will be whether buying and short-covering follows.

16 May 2019 William Adams