Lme

The trigger for the price break-out is news that China's copper smelters have agreed to curb output in response to a much tighter-than-expected raw materials market.

Hindustan Zinc: Decline in zinc prices leads to muted show

Large dividend payouts are unlikely to repeat in FY24, given the cash and debt situation

Why Nickel isn’t the favored metal?

The metal has continued to be the basic metals sector's worst-performing contract commodity on the LME thus far in 2023, with a decline of more than 20%.

Equities likely to keep up the rally riding on price drop in crude oil, commodities

The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts

Ban on Russian mining giants may send shockwaves to global metals trade

A ban would simply mean that metal from Russia — which accounts for about 9 percent of global nickel production, 5 percent of aluminum and 4 percent of copper — could no longer be delivered into any warehouses around the world in the LME network

Aluminium sector: Facing a double whammy

September quarter results for aluminium majors likely to be impacted by lower prices, higher energy costs

Elliott seeks $456 million from LME over Nickel chaos

The suit was filed by two Elliott vehicles against the LME and its clearing house in the English High Court on June 1, according to a statement issued by Hong Kong Exchanges & Clearing Ltd., the parent company of the defendants.

LME board to evaluate lessons from nickel halt, parent company says

The LME suspended activity and cancelled nickel trades earlier this month due to volatility that saw prices double to more than $100,000 a tonne within hours. A spate of technical glitches after trading resumed left traders fuming.

Nickel’s short squeeze exposes chinks in the LME market 

If the LME management had not stepped in, four or five of the big broking firms at LME would have failed. The systemic risk could have spread across all asset classes.  

London Metal Exchange plans to resume nickel trading from March 16

This comes after China's Tsingshan Holding Group, one of the world's largest nickel and stainless steel producers, announced on March 14 it had entered into an arrangement with lenders under which they will not issue margin calls on or close out the producer's nickel positions on the LME.

Global shares slip as oil surges in volatile trade after US ban on Russian crude

Benchmark Brent crude for May rose to an intra-day high of $131.27 a barrel before settling at $127.98 a barrel, 3.9 percent higher, while US crude futures settled at $123.70 a barrel, a 3.6 percent increase

EV & steel demand keep nickel on hot seat

Nickel surges due to the most severe squeeze in a decade. As market stares at the second year of deficit in 2022, LME says monitoring situation closely.

Aluminium prices drop nearly 30% amid trade war woes; will they recover?

China will remain the driving force of global aluminium prices. If the trade tensions and global microeconomic headwinds continue, prices would remain under pressure

How this aluminium producer is defeating the global cost curve and widening its moat

The Nalco stock have corrected in the recent past from a high of Rs 90 to Rs 54.4 and is currently trading at seven times its FY21 estimated earnings

NSE, NSE IFSC sign licensing agreement with LME

LME is the world centre for the trading of industrial metals -- the majority of all non-ferrous metal futures business is transacted on LME platforms.

Govt considering MIP on some aluminium products: Piyush Goyal

The government is considering all options, including imposition of minimum import price on certain categories of aluminium products, to protect the domestic industry, a union minister said today.

Hindalco net jumps 123% at Rs 356 cr, income slips 7.5%

Hindalco has posted net profit of Rs 356.3 crore in January-March quarter, up 123 percent from Rs 159.5 crore in corresponding quarter last fiscal. During the period, its total income slipped 7.5 percent at Rs 8667.5 crore compared to Rs 9371.6 crore in year-ago period.

Mines ministry wants 10% export duty on Goan iron ore to go

Last month, Goa's mining industry body GMOEA wrote to the Prime Minister's Office, seeking to remove 10 percent export duty on iron ore fines with Fe content below 58 percent and 30 percent export duty on iron ore lumps irrespective of the grade.

Steel cos may report subdued Q3 numbers on weak demand: Study

Domestic steel companies are set to report subdued numbers in the third quarter due to 5-8 percent sequential decline in prices on the back of weak demand globally, says a research report.

Sharp fall in LME to impact Q2, Hind Zinc net seen down

Analysts polled by CNBC-TV18 poll say that reversal of higher DMF provisions will aid margins. DMF has been notified at 30 percent of royalty but in Q1FY16 the company was providing for DMF at 50 percent.

Go long on Nickel for price target of Rs 920-935: Religare

Nickel prices have corrected significantly over the past many months and now seem to have formed an immediate bottom.

Asia hit by growth worry on weak copper; oil extends bounce

Benchmark LME copper fell to as low as $5,353.25 overnight, lowest since July 2009. The industrial metal is generally considered a barometer of world demand

This 'toxic mix' could hurt commodity prices further

Market perceptions of weaker Chinese growth and a resurgent US dollar are a 'toxic mix' for already battered commodity prices.

Expect Gold, Silver to trade lower: Angel Commodities

Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, expect precious metals, base metals and crude oil prices to trade lower on the back of expectations of favorable jobs data from the US which will increase the concerns that Fed will pullback its stimulus measures.

Sell MCX Copper; target Rs 392: Dani Commodities

Dani Commodities has come out with its report on Copper. According to the research firm, one can sell MCX Copper at Rs 395.50 with a stoploss of Rs 397.50 for target price of Rs 392.