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Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country
The base-metals commodity markets are going through an “unprecedented” period, Saad Rahim, chief economist at global trader Trafigura, said at the London Metal Exchange’s own metals seminar which started the 2023 LME Week event in London on Monday October 9
Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023
Under the European Green Deal, the European Commission proposed a new EU target to reduce greenhouse gas emissions by at least 55% by 2030, compared with the levels emitted in 1990
The price of copper and capital costs will be central to Freeport-McMoRan’s decision on the timing of an expansion at its Bagdad copper operation in the US state of Arizona, the president of the US producer told Fastmarkets
China’s premium for copper cathode imports increased after the country’s golden week holiday from September 29 to October, supported amid favorable import conditions, while the premium in the US copper market came under pressure due to excess supply, sources said
The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets
Nickel market participants rejected the idea of making nickel sulfate or other Class 2 products eligible for delivery against the Class 1 London Metal Exchange (LME) contract and want the exchange to instead focus on fixing the existing contract, according to the LME chief executive officer
While there’s more work to be done, stability has been restored to the London Metal Exchange nickel contract and confidence in its value as a pricing mechanism is starting to return, according to the exchange’s chief executive officer
Volatility in key currencies has been at the forefront of the minds of many steel and ferro-alloys producers, traders and buyers in 2023
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