September 2019

LME WEEK 2019: What’s on and where?

London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on Sunday October 27.

China, Japan bet on Vale Indo nickel smelters to guarantee post-ore ban supply

Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview.

LIVE FUTURES REPORT 16/09: LME nickel price falls 2.5% despite outflows; copper holds above $5,900/t

The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years.

MORNING VIEW: Poor Chinese economic data, sharply higher oil prices drag LME base metal prices lower

Over the past week the metals have looked stronger and some dovish comments by United States President Donald Trump over US-China trade relations seem to have provided a slight confidence boost, but headwinds are being felt this morning, Monday September 16.

LIVE FUTURES REPORT 16/09: SHFE base metals prices mixed; Ni under pressure from stock inflows

Base metals prices on the Shanghai Futures Exchange were on divergent paths during morning trading on Monday September 16, with risk aversion among investors heightening following an attack on Saudi Arabian oil facilities over the weekend.

IN CASE YOU MISSED IT: 5 key stories from September 13

Here are five Fastmarkets MB stories you might have missed on Friday September 13 that are worth another look.

LIVE FUTURES REPORT 13/09: LME copper price nears $6,000 per tonne in 2% upturn; tin below $17,000

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon.

BATTERY RAW MATERIALS MARKET REPORT 13/09: Ample supply weighs on lithium hydroxide market

An overview of the battery raw materials markets and their latest price moves.

Brazilian Supreme Court authorizes Vale to resume Onça Puma nickel operations

Vale’s nickel processing Onça Puma plant in the northern state of Pará will resume operations after the Brazilian Supreme Court ruled in its favor, the miner said on Thursday September 12.

LSE rejects $37bln HKEX bid citing 'fundmental concerns'

London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing's (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13.