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...
- 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
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...
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...
Rusal Allocates Full 2023 Sales Volumes Amid Market Watchfulness
In a recent announcement, Russia’s Rusal, the leading aluminium producer globally outside China, confirmed that they’ve allocated their entire sales volumes for 2023. The company’s production and sales dynamics are under heightened scrutiny during the annual LME week in London. LME Week Highlights LME Week, a prominent annual gathering, coincides with the season when major stakeholders in the aluminium sector,...
Weekly Metals News Digest (Oct 2-6)
Aurubis prepares for lower copper demand Next year we should expect a lower level of demand for copper. The metal is used in various industries and construction. This is supported by the fact that the European metallurgical giant Aurubis notified its customers that it will set a $228 per tonne premium for copper in 2024. Currently, copper prices on the...
Gwangyang Emerges as Key Hub for Storing LME Aluminium
The South Korean port of Gwangyang has become the new focal point for storing London Metal Exchange (LME) aluminum. Currently, LME-registered warehouses in Gwangyang hold 256,650 metric tons of aluminum, representing 49% of all aluminum in the LME’s global warehouse network. At the beginning of the year, Gwangyang held just 24,025 metric tons of aluminum. However, substantial inflows, primarily consisting...
Aluminium Producer Reduces Premium for Japanese Buyers in Q4
In the upcoming October-December quarter, a leading global aluminium producer has proposed a reduced premium of $120 per metric ton to Japanese buyers, marking a 6% decrease compared to the current quarter. Three sources intimately involved in the quarterly pricing negotiations revealed this development on Friday. Japan, recognized as Asia’s primary importer of aluminium, uses the premiums it agrees upon...
Tsingshan Group Commences Commercial Nickel Production in Indonesian Plant
Tsingshan Group, a prominent Chinese nickel producer, has initiated commercial production of refined nickel in Indonesia, according to three sources familiar with the matter who spoke to Reuters on Monday. The production facility is located in Morowali, Indonesia, with an eventual planned annual capacity of 50,000 metric tons. The sources, who chose to remain anonymous as they lack authorization to...
Analysis of Copper Market Dynamics Amid Rising Net Long Positions and Chinese Inventories
Net long positions in copper on the London Metals Exchange (LME) have surged to a six-month peak, partially driven by dwindling Chinese copper inventory figures. However, industry insiders assert that this often-bullish signal does not necessarily align with the actual market conditions. China, the world’s largest consumer of copper, currently maintains a combined inventory of 110,314 metric tonnes across the...