Metals Wire media - Source of Global Metals News and Analytics

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 %

November 28, 2023 #Base Metals #Copper

China’s Copper Imports Increase Despite Manufacturing Slowdown

China’s refined copper imports have surged, reaching a year-high in October, despite a manufacturing sector that is struggling to gain momentum. The increase in imports, including a backlog clearance from the Democratic Republic of Congo, raises questions about the destination of this influx in copper. Copper Import Trends October saw China import 353,000 metric tons of refined copper, the highest…

November 28, 2023November 28, 2023 #Battery

Battery Prices Drop as Raw Material Costs Decrease

The battery industry has witnessed its largest decline in prices since 2018, but the reasons behind this drop differ from previous years. Unlike past reductions predominantly driven by technological advancements, the price decrease in 2023 is primarily due to lower raw material costs, especially lithium. This decline results from increased production capacity across the battery value chain, spanning raw materials...

November 27, 2023November 27, 2023 #Aluminium #Analytics #Base Metals

Weekly Metals News Digest, November 20-26

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...

November 27, 2023November 28, 2023 #Base Metals #Copper

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...

November 20, 2023November 21, 2023 #Base Metals #LME

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...

November 13, 2023November 13, 2023 #Analytics #Base Metals #Precious metals

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...

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