March 2019

BATTERY RAW MATERIALS MARKET REPORT 22/03: Cobalt prices continue downward trend

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

LIVE FUTURES REPORT 22/03: LME copper price dips 1.7% amid poor PMI data

Copper’s three-month price on the London Metal Exchange was lower at the close of trading on Friday March 22, ending the week down more than 3% and closing just above $6,300 per tonne.

ICBC revises all base metals price forecasts lower for 2019 on negative macroeconomic indicators

The Industrial and Commercial Bank of China (ICBC) has revised its base metals price forecasts lower across the board for 2019 in its latest base metals outlook report, specifying global recession fears and a rising macro-financial tide in its adjustments.

LIVE FUTURES REPORT 22/03: Comex copper depressed in final session amid surging dollar

Comex copper prices failed to hold onto previous gains on Friday March 22, with a stronger dollar and concerns over global economic growth weighing on the base metals complex.

SHFE STOCKS REPORT 22/03: Base metals stocks show divergent movement

Base metal stocks on Shanghai Futures Exchange-approved warehouses showed divergent trends during the week ending Friday March 22, with zinc stocks falling by 6.5% but those of aluminium, tin and lead rising.

SHFE vs LME physical arbitrage 22/03: Copper, aluminium, zinc, nickel

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 22*

LIVE FUTURES REPORT 22/03: LME copper price softens amid dollar strength; nickel trades below $13,000/t

Copper’s three-month price on the London Metal Exchange was trading below $6,400 per tonne during morning trading on Friday March 22, capped by a rebound in the US dollar index.

Sumitomo Corp cuts Ambatovy mine's 2019 nickel production estimate by 9%

Projected nickel output for 2019 at the Ambatovy mine in Madagascar is expected to fall by approximately 9% from earlier estimates, its biggest shareholder has warned.

Mincor signs offtake agreement with BHP Nickel West

Australia-headquartered Mincor Resources has signed a term sheet which entails the major operating principles for a binding ore tolling and concentrate purchase agreement with BHP Nickel West, the former announced on Tuesday March 19.

METALS MORNING VIEW 22/03: Dollar rebound pressures metals prices

With three-month base metals prices on the London Metal Exchange having come off their weekly highs, most metals remained under selling pressure and have continued to consolidate this morning, Friday March 22.