China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

NewsFlash

Scraps & Secondary

METALS-Copper Ends Flat, Trade Eyes Japanese Quake Impact

Li-ion Battery Americas 2024

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

SMM Daily Review - 2011/3/14 Base Metals Market

NEW YORK/LONDON, March 14 (Reuters) - Copper prices bounced from near three-month lows to end flat on Monday, but sentiment remained fragile amid concerns over the global economic impact from Japan's devastating earthquake and tsunami.
Despite copper's ability to stabilize from the recent wave of risk reduction, investors continued to side with caution, fearing the crisis in Japan, the world's third largest economy, could derail the global economic recovery.
&quot;How much of an overall economic impact all this is going to have is keeping buyers pushed to sidelines at the moment,&quot; said Sterling Smith, an analyst for Country Hedging Inc in St. Paul, Minnesota. &quot;For now we can expect the velocity of the global recovery to be slowed a little bit by this.&quot;
London Metal Exchange copper for three-month delivery CMCU3 eked out a $5 gain to close at $9,195 a tonne, extending a recovery from Friday's three-month low at $8,992 a tonne.
London's positive tone, however, failed to attract buyers in New York, where May copper HGK1 fell 2.10 cents to finish at $4.1865 per lb.
&quot;The market is very confused at the moment. There is a big question mark over global growth and end-users' demand for industrial metals,&quot; said Numis Securities base metals analyst Andy Davidson. &quot;It's all very sentiment-driven at the moment.&quot;
Copper exports from top producer Chile are unlikely to suffer from Japan's disaster, as tight global supply means shipments can easily be rerouted to alternative markets.
Even if buyers in Japan are forced to declare force majeure after Friday's quake, which shut down smelters in the hardest-hit zones, top consumer China can absorb the slack.
In the longer term, reconstruction efforts in Japan were expected to spur greater demand for industrial metals.
&quot;The disruption to industrial sector activity is likely to have a negative impact on the industrial metals and bulk commodity sectors,&quot; Deutsche Bank said in a note. &quot;However, we expect attention will turn to reconstruction. We would expect copper and zinc would be the principal beneficiaries of a large-scale reconstruction programme.&quot;
Japan produced about 1.52 million tonnes of copper last year, about 7 percent of global output. The smelters that produce this copper have shut operations because of power outages.
Adding to the negative demand outlook was data from China showing money growth and bank lending slowed sharply in February due to tighter monetary policy to rein in inflation.
In the meantime, premiums for physical copper in Europe held at two-year lows of $40 a tonne this week, about half the value of levels recorded in January, as traders said high prices deterred interest from China.
In other metals, three-month aluminium CMALS ended up $10 at $2,555 a tonne, zinc CMZN3 rose $54 to $2,330, and lead CMPB3 climbed $95 to $2,520, while nickel CMNI3 shed $245 to $25,850 a tonne.
Tin CMSN3 closed up $400 at $29,900 per tonne, supported by declining exports from Indonesia.
Indonesia's refined tin exports fell nearly 12 percent in February from a year earlier as rains hampered mining, trade ministry data showed.
Metal Prices at 1:10 p.m. EDT (1710 GMT)
COMEX copper in cents/lb, LME prices in $/T and SHFE prices in 
yuan/T 
&nbsp;Metal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Last&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change&nbsp;&nbsp; Pct Move&nbsp; End 2010&nbsp;&nbsp; YTD Pct 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; move 
&nbsp;COMEX Cu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419.50&nbsp;&nbsp;&nbsp;&nbsp; -1.25&nbsp;&nbsp;&nbsp;&nbsp; -0.30&nbsp;&nbsp;&nbsp;&nbsp; 444.70&nbsp;&nbsp;&nbsp; -5.67 
&nbsp;LME Alum&nbsp;&nbsp;&nbsp;&nbsp; 2557.00&nbsp;&nbsp;&nbsp;&nbsp; 12.00&nbsp;&nbsp;&nbsp;&nbsp; +0.47&nbsp;&nbsp;&nbsp; 2470.00&nbsp;&nbsp;&nbsp;&nbsp; 3.52 
&nbsp;LME Cu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9185.00&nbsp;&nbsp;&nbsp;&nbsp; -5.00&nbsp;&nbsp;&nbsp;&nbsp; -0.05&nbsp;&nbsp;&nbsp; 9600.00&nbsp;&nbsp;&nbsp; -4.32 
&nbsp;LME Lead&nbsp;&nbsp;&nbsp;&nbsp; 2518.00&nbsp;&nbsp;&nbsp;&nbsp; 93.00&nbsp;&nbsp;&nbsp;&nbsp; +3.84&nbsp;&nbsp;&nbsp; 2550.00&nbsp;&nbsp;&nbsp; -1.25 
&nbsp;LME Nickel&nbsp; 25820.00&nbsp;&nbsp; -275.00&nbsp;&nbsp;&nbsp;&nbsp; -1.05&nbsp;&nbsp; 24750.00&nbsp;&nbsp;&nbsp;&nbsp; 4.32 
&nbsp;LME Tin&nbsp;&nbsp;&nbsp;&nbsp; 29850.00&nbsp;&nbsp;&nbsp; 350.00&nbsp;&nbsp;&nbsp;&nbsp; +1.19&nbsp;&nbsp; 26900.00&nbsp;&nbsp;&nbsp; 10.97 
&nbsp;LME Zinc&nbsp;&nbsp;&nbsp;&nbsp; 2329.00&nbsp;&nbsp;&nbsp;&nbsp; 53.00&nbsp;&nbsp;&nbsp;&nbsp; +2.33&nbsp;&nbsp;&nbsp; 2454.00&nbsp;&nbsp;&nbsp; -5.09 
&nbsp;SHFE Alu&nbsp;&nbsp;&nbsp; 16665.00&nbsp;&nbsp;&nbsp; -95.00&nbsp;&nbsp;&nbsp;&nbsp; -0.57&nbsp;&nbsp; 16840.00&nbsp;&nbsp;&nbsp; -1.04 
&nbsp;SHFE Cu*&nbsp;&nbsp;&nbsp; 69280.00&nbsp;&nbsp;&nbsp;&nbsp; 60.00&nbsp;&nbsp;&nbsp;&nbsp; +0.09&nbsp;&nbsp; 71850.00&nbsp;&nbsp;&nbsp; -3.58 
&nbsp;SHFE Zin&nbsp;&nbsp;&nbsp; 18045.00&nbsp;&nbsp;&nbsp; 300.00&nbsp;&nbsp;&nbsp;&nbsp; +1.69&nbsp;&nbsp; 19475.00&nbsp;&nbsp;&nbsp; -7.34
&nbsp;
&nbsp;
&nbsp;

Japan Quake Unlikely to Hurt Chile Copper Exports

  | Shanghai Non ferrous Metals

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain