Japan Develops Innovative Alloy for Aviation Researchers at Japan’s National Institute of Materials Science have created an alloy of titanium and nickel that combines the strength of steel with the elasticity of rubber. In experiments, the alloy was elongated by 50% and then further stretched by 12% after being heated to 300°C. This process resulted in the alloy being able...
LME news
Weekly Metals News Digest – September 2-6
Global Zinc Production Continues to Decline Global zinc ore production fell by 3.4% in the first half of 2024 due to reduced demand from metallurgical plants, particularly in China. Zinc orders from galvanized steel plants and hot-dip galvanizing operations have also decreased, according to data from the Lead and Zinc Study Group. China’s zinc concentrate imports for the first seven...
Base Metals Start September Weaker as U.S. Policy and China Demand Worries Weigh on Market
Base metals began September on a downbeat note, with prices slipping on Monday as the market adjusted expectations regarding aggressive policy easing in the U.S., while concerns about demand from China were heightened by recent manufacturing data. Three-month copper on the London Metal Exchange (LME) dipped by 0.4% to $9,199.50 per metric ton by 0411 GMT. This decline follows a...
Weekly Metals News Digest – August 26-30
Emirates Global Aluminium Expands into U.S. Secondary Aluminum Market Emirates Global Aluminium has announced plans to acquire an 80% stake in Spectro Alloys, a leading U.S. secondary aluminum producer with a capacity of approximately 110,000 tons of ingots. This acquisition will bolster Emirates Global Aluminium’s presence in the growing U.S. secondary aluminum market, which saw a capacity of 4.9 million...
Copper Prices Rise in London Amid Hopes of U.S. Rate Cut, Despite Strong Dollar and Chinese Demand Concerns
Copper prices in London edged higher on Thursday, buoyed by market optimism over a potential U.S. interest rate cut in September, despite a strong U.S. dollar and ongoing concerns about weak Chinese demand. The London Metal Exchange (LME) expressed satisfaction with the rise in copper prices, although the gains were somewhat limited by these broader market concerns. As of 0728...
China’s Aluminium Extrusion Exports Drop Sharply in July Amid U.S. Anti-Dumping Measures
China’s aluminium extrusion exports experienced a significant drop in July 2024, according to the latest data from China Customs. The exports totaled 90,300 tonnes, marking a steep 74.8% decline from June but showing a slight 0.83% increase compared to July 2023. In June, China’s aluminium extrusion exports, covering HS codes 76041010, 76041090, 76042100, 76042910, and 76042990, had reached 97,500 tonnes,...
Nickel Prices on the Rise as LME and Philippine Markets Surge
Nickel prices on the London Metal Exchange (LME) have seen a significant increase throughout August 2024, with LME nickel 3-month prices climbing over 5.1% and cash settlement prices rising by more than 6.0%. This surge comes despite recent volatility and attempts to suppress prices, with nickel breaking through the USD 17,000 mark earlier this week. As of today, prices continue...
Weekly Metals News Digest – August 19-23
Ganfeng Lithium Expands into Turkey Strategic Partnership with Yigit Aku Chinese lithium producer Ganfeng Lithium has embarked on a significant expansion into Turkey by forming a long-term strategic partnership with Turkish battery manufacturer Yigit Aku. This collaboration marks a crucial step in Ganfeng Lithium’s global growth strategy, particularly in the rapidly expanding battery market. Joint Venture in India As part...
CCC Restarts Tschudi Copper Plant in Namibia After Securing $20 Million Loan
UAE-based Consolidated Copper Corp. (CCC) has successfully restarted its processing plant at the Tschudi mine in northern Namibia, marking the production of London Metal Exchange (LME) Grade A copper cathode for the first time since 2020. The plant, originally constructed in 2015, had produced over 80,000 tonnes of high-grade copper cathode before being placed under care and maintenance four years...
Cobalt Market Faces Oversupply Challenges as Metal Reappears in LME Warehouses
The cobalt market is grappling with a significant oversupply, highlighted by the recent delivery of 23 metric tons of cobalt to London Metal Exchange (LME) warehouses. This marks the first warranting of the battery metal on the LME since February 2022. Additionally, over 680 tons of cobalt were reported as off-warrant inventory at the end of June, indicating a substantial...
