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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
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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
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By Andrea Hotter
Insights
Codelco negotiating lithium JV with SQM, chairman says: LME Week | Hotter Commodities
Codelco is currently negotiating with fellow Chilean miner Sociedad Quimica y Minera (SQM) to create a lithium production partnership, the chairman of the state-owned copper producer told Fastmarkets
October 9, 2023
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By Andrea Hotter
Insights
Codelco copper output to increase around 30% by 2030, chairman says: LME Week | Hotter Commodities
Codelco expects to begin to gradually increase its copper production following several years of declining output, with a roughly 30% rise from current levels expected by 2030, the chairman of Chile’s state-owned copper company told Fastmarkets
October 9, 2023
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By Andrea Hotter
Insights
Open consultation on IOSCO-audited non-ferrous price assessments, indices
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.
October 5, 2023
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By Juliet Walsh, Fleur Ritzema
Insights
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