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Base metals like copper, aluminium, nickel and alumina are some of the world’s most frequently traded commodities. With so many forces bearing down on the base metals market, win-win outcomes for negotiations depend on the depth and breadth of your understanding of the market.
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As the cobalt community gathers in Las Vegas for the Cobalt Institute’s annual conference, Metal Bulletin takes a look at some of the key topics likely to dominate discussions at this year’s event.
Three-month base metals prices on the London Metal Exchange were little changed to weaker on the morning of Tuesday May 22, with prices down by an average of 0.3%.
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday May 22.
Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday May 22, tracking the strong performance of the London Metal Exchange’s three-month lead price on Monday. The other SHFE base metals, with the exception of copper and nickel, were weaker.
Canada-based Cobalt Blockchain Inc (COBC) expects final ratification shortly for a copper/cobalt trading and export license that will allow it to establish regional buying depots in the Democratic Republic of Congo (DRC), process minerals in-country and export internationally.
Jiangxi Copper, China’s largest copper smelter, is planning to set up metal concentrates blending and scrap processing operations in Southeast Asian countries, Metal Bulletin has learned.
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