Canada-based Lundin Mining Corp is to suspend operations at its Candelaria copper mine in Chile after mediation talks with a second union at the site failed to result in an agreement .

The London Metal Exchange three-month zinc price was the standout performer during morning trading on Monday October 19, with the price rallying by more than 2% on positive Chinese economic data and strong buying momentum, while queue and logistics concerns at Port Klang, Malaysia, resulted in some 38,000 tonnes of aluminium being placed back on-warrant in the region.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly firmer this morning, Monday October 19, supported by economic data out of China, especially the 6.9% rise in industrial production, but gross domestic production (GDP) data came in lower than expected.

Hot-rolled coil prices in the United States have breached the $33-per-hundredweight mark, thanks mostly to ongoing tight capacity and decent demand levels.

Renewed interest for Vietnamese billets from Chinese buyers and higher offers from Japanese scrapyards have boosted prices in the week to Friday October 16.

Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States.

Fastmarkets is proposing to launch a steel hot-rolled coil import (Japan, Korea, Taiwan-origin), cfr Vietnam, $/tonne price assessment, to add value to its coverage of the flat steel sector in East Asia, after feedback from key market participants.

With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets.

Following consultation with stakeholders and as previously announced, Fastmarkets RISI has discontinued the following price assessments with effect from October 2020. Deinked pulp (US air-dried and wet-lap), US East (Price ID 172) Southern Bleached Softwood Kraft, from US, CIF Japan (Price ID 489) Northern and Southern Mixed Bleached Hardwood Kraft, from Canadian/US, CIF Japan (Price […]

Hot-rolled coil prices in the United States are at their highest point in nearly 18 months amid a supply squeeze that shows no short-term signs of letting up, market participants said.