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Fiercer competition in copper raw material market amid earlier-than-expected supply tightness in copper concentrate market | 2024 preview
A rapid change in the spot copper concentrate market since October has sent a clear signal of fiercer competition to secure copper concentrates in 2024, which will be felt in other copper raw materials markets, like blister and anodes, sources told Fastmarkets
January 9, 2024
·
By Sally Zhang
Insights
Cautious optimism among miners after election of Milei as Argentina president
There is a sense of cautious optimism in the mining sector following the election of Javier Milei as the new president of Argentina on Sunday November 19, Fastmarkets understands
November 28, 2023
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By the Fastmarkets team, Callum Perry, Albert MacKenzie
Insights
US copper scrap prices hold ahead of Thanksgiving holiday
Copper scrap discounts in the United States continued to be steady in the week to Wednesday November 22, with sources noting little changes week on week ahead of the Thanksgiving holiday.
November 23, 2023
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By Kirstyn Petras
Insights
What’s ahead for base metals prices?
Aluminium price on China’s economy Range-trading has characterized the LME aluminium price as the decline since the start of October attempts to stabilize. At the beginning of the year, market participants had overestimated China’s ability to stimulate its way out of the Covid-lockdown era, putting too much emphasis on a fast and robust recovery. However, as China’s economic […]
November 8, 2023
·
By the Fastmarkets team
Insights
Correction to copper grade A cathode premium, in-whs Shanghai on October 13
Please note Fastmarkets has corrected its MB-CU-0405 copper grade A cathode premium, in-whs Shanghai which was published incorrectly on Friday October 13
October 13, 2023
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By Sally Zhang
Insights
Copper prices, capital costs driving project decisions, Freeport says: LME Week | Hotter Commodities
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
October 11, 2023
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By Andrea Hotter
Insights
China copper premium rises after holiday; US premium faces pressure: LME week
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
October 11, 2023
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By Sally Zhang, Orla O'Sullivan
Insights
LME trialing VWAP expansion ahead of January launch, CEO says: LME Week | Hotter Commodities
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
October 9, 2023
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By Andrea Hotter
Insights
Weak demand across global base metal markets as LME warehouse stocks continue to climb: LME Week
Rising base metal stock levels on the London Metal Exchange continue to highlight a poor physical demand environment, with the anticipated return in global demand remaining a key talking point ahead of LME Week, participants told Fastmarkets on Friday October 6
October 9, 2023
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By the Fastmarkets team, Imogen Dudman, Albert MacKenzie, Josh Fulton, Laura Roberts
Insights
Bearish investors hinder near-term copper, but outlook still strong, Codelco chair says: LME Week | Hotter Commodities
The short-term outlook for copper is being understandably muted by investors’ macroeconomic and geopolitical concerns despite an ongoing positive story for the longer term, the chairman of Chilean state-owned copper producer Codelco said in an interview
October 9, 2023
·
By Andrea Hotter
Insights
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