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Global copper markets muted, European participants prepare: LME Week
The spot copper markets in Europe and the United States were very quiet in the week to Tuesday October 3, with macroeconomic headwinds pressuring demand for the red metal in both regions
October 5, 2023
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By the Fastmarkets team, Orla O'Sullivan, Albert MacKenzie
Insights
Spot copper concentrate TC/RCs down marginally ahead of Chinese holidays: LME Week
Spot trading in the copper concentrate market was inactive in the week to Friday September 29, with Chinese participants in holiday mode ahead of China’s weeklong break for the Mid-Autumn Festival and National Day (September 29-October 6)
October 3, 2023
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By the Fastmarkets team, Sally Zhang, Albert MacKenzie
Insights
European refined copper market participants pessimistic outlook: LME Week
Participants in Europe’s copper industry struck a pessimistic tone in conversations with Fastmarkets in the lead-up to LME Week, with sources saying that weak demand, high interest rates and a poor macro-economic environment were dampening the mood in the industry
October 2, 2023
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By Albert MacKenzie
Insights
European copper premiums under pressure; import conditions favorable in China
European spot copper market participants noted challenging market conditions in the week to Tuesday, August 22, with financing costs and weak demand putting downward pressure on premiums
August 24, 2023
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By Rijuta Dey, Sally Zhang, Albert MacKenzie
Insights
European demand for ‘green’ copper increasing; premiums already being paid: sources
A number of sources have told Fastmarkets that there is already demand in Europe for copper with green credentials. Less clear, however, is whether the supply demand balance has created the need for premiums for green copper, and what the future holds for the material
August 18, 2023
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By Albert MacKenzie
Insights
China stimulus policies key to sustaining base metal price rises, Sucden Financial says
Economic stimulus policies put in place by the government of China will be key to sustaining price rises among base metals in the coming quarters, Daria Efanova, head of research at UK-based services provider Sucden Financial, said during the company’s third-quarter metals webinar on Wednesday, August 2
August 11, 2023
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By the Fastmarkets team, Carrie Bone, Albert MacKenzie
Insights
European industry pushes to define ‘green copper’ despite the challenge supply chain complexity poses
Copper market participants in Europe have become increasingly interested in 'green' material, with some consumers focusing procurement on environmentally conscious copper
August 9, 2023
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By Albert MacKenzie
Insights
Vale sells stakes in Energy Transition Metals business; deals must face Canada scrutiny
Brazilian miner Vale has signed a binding agreement with Manara Minerals of Saudi Arabia under which the latter will buy a stake in Vale Base Metals (VBM), the holding entity for the South American company’s Energy Transition Metals (ETM) business, it announced on Thursday July 27
August 7, 2023
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By Carrie Bone, Bruno Martins
Insights
Base metals price mixed forecast on China stimulus pressure
Despite concerns over the uncertainty of China’s economic recovery, base metals price forecasts remain mixed for aluminium, copper, lead, nickel, tin and zinc prices
August 2, 2023
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By the Fastmarkets team
Insights
Mixed month ahead for base metals prices as optimism over China cools
Base metal futures on the London Metal Exchange are showing little signs of change as China's potential economic stimulus failed to materialize in June causing sentiment of rebounding Chinese demand to dampen
July 5, 2023
·
By the Fastmarkets team
Insights
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