January 2020

LIVE FUTURES REPORT 31/01: LME lead recoups losses in 2.8% uptick; tin follows up

The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.

BATTERY RAW MATERIALS MARKET REPORT 31/01: Cobalt hydroxide prices jump in January following continued steady buying

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

EUROPE STAINLESS STEEL: Prices stable despite higher surcharges; decreases by March - sources

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.

NORNICKEL AT A GLANCE: 2019 nickel, copper output up 5% y-o-y

A summary of Nornickel’s full-year production results 2019.

LIVE FUTURES REPORT 31/01: LME lead price tops complex up 1.1%; zinc holds below $2,200/t

The three-month lead price on the London Metal Exchange was higher during morning trading on Friday January 31, climbing by more than 1% to show signs of improvement after slipping through key support levels over January, while zinc futures failed to push above nearby resistance.

LIVE FUTURES REPORT 30/01: LME zinc price tumbles to 3.5-year low; copper sinks below $5,600

The three-month zinc price on the London Metal Exchange closed at its lowest level in more than three years at the close of trading on Thursday January 30, settling below the nearby $2,200 per tonne support level, while the price of copper futures continued to decline over the afternoon.

LIVE FUTURES REPORT 30/01: LME nickel price decline stalled by 11kt fresh cancelation; copper breaks below $5,600/t

The three-month nickel price on the London Metal Exchange was marginally higher during morning trading on Thursday January 30, supported by a fresh cancelation of 11,874 tonnes, while copper’s downturn continued.

APEX Q4 2019: SP Angel team tops base metals prediction leaderboard

John Meyer, Sergey Raevskiy and Simon Beardsmore of SP Angel clinched the top spot on the base metals leaderboard for the Apex fourth-quarter 2019 predictions, with an accuracy rating of 99.29%, while Rhona O’Connell of INTL FC Stone came top for precious metals with a rating of 99.26%.

IN CASE YOU MISSED IT: 5 key stories from January 29

Here are five Fastmarkets MB stories you might have missed on Wednesday January 29 that are worth another look.

US stainless scrap prices hit by nickel fall

Stainless steel scrap prices in the United States have weakened after the London Metal Exchange cash nickel price fell below the $6-per-lb mark.