February 2020

LIVE FUTURES REPORT 10/02: LME lead at 7-mth low on selling momentum; nickel fails to breach $13,000/t

The London Metal Exchange three-month lead price closed at its lowest level since May 2019 on Monday February 10, dipping below the key $1,800-per-tonne support level, while nickel futures struggled to breach resistance against thin trading volumes.

Jinchuan produces first nickel-chloride yield for EV battery market

Chinese multi-metal company Jinchuan Group produced the first batch of nickel chloride from its newly-commissioned high-end nickel salt project on Sunday February 9.

FOCUS: Indonesian Ni producers operational amid slack China demand, coronavirus fears [CORRECTED]

Nickel producers in Indonesia continue to operate at full capacity amid China’s ongoing Wuhan coronavirus pandemic, but concerns that logistical delays will exacerbate the already poor projections for material demand in 2020 loom large, participants say.

LIVE FUTURES REPORT 10/02: LME nickel price leads complex in 1.3% climb; zinc continues freefall amid 9kt inflow

The three-month nickel price on the London Metal Exchange was higher during morning trading on Monday February 10, testing support above $13,000 per tonne against moderate turnover, while zinc came under further pressure from continued deliveries.

NEWSBREAK: Coronavirus puts LME Week Asia 2020 in doubt

LME Week Asia 2020 could be in doubt due to the coronavirus outbreak, with Hong Kong Exchanges & Clearing evaluating all their events taking place over the next few months.

MORNING VIEW: LME metals rebound after Friday’s correction, but prices weaker in Shanghai

The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board.

LIVE FUTURES REPORT 10/02: SHFE base metals subdued on mounting coronavirus concerns

Base metals prices on the Shanghai Futures Exchange largely fell during morning trading on Monday February 10 on growing concerns over the spread of the novel coronavirus in China.

IN CASE YOU MISSED IT: 5 key stories from February 7

Here are five Fastmarkets MB stories you might have missed on Friday February 7 that are worth another look.

LIVE FUTURES REPORT 07/02: Nickel’s LME price down 3%, temporarily breaches $13,000 mark

The London Metal Exchange price of nickel fell by more than 3% on Friday February 7 after reaching a temporary high of $13,210 per tonne.

BATTERY RAW MATERIALS MARKET REPORT 07/02: Cobalt market underpinned by intermediates srength, steady buying

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