Rio Tinto expands its foray into lithium through a partnership with Charger Metals on the Johnston Lake project, while Emirates Global Aluminium ventures into aluminum recycling, constructing a facility to produce secondary aluminum. Indian conglomerate Vedanta Resources announces its plans to build a copper rod production facility in Saudi Arabia, marking its first venture outside India. Russian aluminum giant Rusal...
- Aluminum $ 2164.5 / t — 0.57 %
- Copper $ 8278 / t — 0.04 %
- Lead $ 2128 / t — 1.23 %
- Nickel $ 16455 / t + 3.59 %
- Tin $ 22975 / t — 2.44 %
- Zinc $ 2530 / t — 0.73 %
- Aluminum $ 2164.5 / t — 0.57 %
- Copper $ 8278 / t — 0.04 %
- Lead $ 2128 / t — 1.23 %
- Nickel $ 16455 / t + 3.59 %
- Tin $ 22975 / t — 2.44 %
- Zinc $ 2530 / t — 0.73 %
- Aluminum $ 2164.5 / t — 0.57 %
- Copper $ 8278 / t — 0.04 %
- Lead $ 2128 / t — 1.23 %
- Nickel $ 16455 / t + 3.59 %
- Tin $ 22975 / t — 2.44 %
- Zinc $ 2530 / t — 0.73 %
LME news
Global Refined Copper Market: Balancing Act Continues
Easing of Refined Copper Shortage The global refined copper market saw a slight easing in shortages as of September, with the oversupply diminishing significantly from August’s 99,000 tons to approximately 17,000 tons. This data, provided by the International Copper Study Group, indicates a near balance in the supply and demand for refined copper. However, the oversupply remains around 35,000 tons...
Weekly Metals News Digest, November 13-19
Global Metal Industry Evolves with New Technologies and Market Shifts The global metal industry is witnessing notable changes, driven by emerging technologies and strategic business decisions. Developments range from innovative copper foil production in Chile to Exxon Mobil’s entry into lithium production, alongside efforts to produce low carbon aluminum in India. These advancements are reshaping the industry amidst growing demands...
Weekly Metals News Digest (Nov 6-10)
China increases red metal imports China has a pleasant surprise for the market, with imports of pure copper and copper-based semi-finished products exceeding 500,000 tons in October this year. This is the highest result since December 2022, when imports of the red metal in China amounted to 404,414 thousand tons amid stagnant industry demand. The growth in imports of copper...
Zinc Market Feels the Heat Amid Russian Mine Incident
Market Reacts to Mine Fire The recent fire at the Ozerny mine in Russia has been extinguished, but its impact lingers in the zinc market, causing price fluctuations and supply concerns. Prices Spike and Fall After news of the fire broke, the London Metal Exchange (LME) recorded a jump in the three-month metal price to a five-week high of $2,631.50...
Weekly Metals News Digest (Oct 30 – Nov 3)
Russian oligarch Roman Trotsenko “escapes” from Zhelezny Kryazh Famous Russian oligarch Roman Trotsenko has ceased to be the controlling shareholder of Siberian Goldfields, which owns the Zhelezny Kryazh gold mine. His son Gleb Trotsenko has now replaced him as the controlling shareholder. The Zhelezny Kryazh deposit is located in Siberia and is a unique property, with high concentrations of gold...
Weekly Metals News Digest (Oct 23–27)
Nornickel shows interesting results Nornickel published the results of its production for the first nine months of this year, and they proved somewhat contradictory. On the one hand, nickel output from January to September 2023 decreased by 9% to 145,271 thousand tons, while copper increased by 4% to 303,990 thousand tons. The production of palladium, meanwhile, increased by 1% to...
Weekly Metals News Digest (Oct 16-20)
Rusal eyes closure of three plants Rusal is considering shutting down three aluminium smelters in Volgograd, Novokuznetsk and Kandalaksha. This would result in it losing 0.5 million tons of its current annual aluminium production of 3.8 million tons. Rusal’s financial condition is under pressure due to a number of factors. First, aluminium prices at the London Metal Exchange are falling:...
Global titanium market overview
See full Titanium Market Overview (USGS) Infographic here. The global titanium market has reached a turning point in its development: on the one hand, Russia, one of the main producers of titanium, is facing sanctions imposed by the European Union, the United States and their satellites; on the other hand, global demand for the metal is growing and will be...
Weekly Metals News Digest (Oct 9-13)
Nornickel expects copper market growth In the remaining months of 2023 and into next year, Norilsk Nickel forecasts steady growth in the global copper market at a rate of 2–3%.The company’s forecast emphasizes the revival of economic activity in China, which is the main producer of red metal on the planet, while also being its main consumer. It also highlights...