LONDON Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a supply overhang of the metal valued for its anti-corrosive properties.
* LME copper stocks down more than 50% since May
LONDON Deliveries of zinc to London Metal Exchange registered warehouses in places such as Port Klang, Malaysia and Singapore, not typical destinations, suggest an unusually large surplus of the metal used to galvanise steel.
LONDON A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminium and major opportunities for auto supply chain firms flying under investors' radar.
* Cash over three-month copper contract at 14-month high
LONDON The London Metal Exchange on Thursday started its push for more transparency on metal availability by publishing, for the first time, stocks of metal in its global storage network that could be put on warrant and traded on the exchange.
* Copper cancelled warrants at 47% of total LME stocks
(Updates with official prices)
LONDON, July 6 Copper prices scaled five-month
highs on Monday, boosted by optimism about demand in top
consumer China and concerns about the spread of COVID-19 in
Chile, the world's largest producer.
LONDON Cobalt prices are at 10-month lows due to sagging demand from the electric vehicle and aerospace sectors amid the COVID-19 pandemic and look likely to slide further as airlines defer maintenance.
LONDON At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.