Base Metals Company | Mysteel Global

Company

Date:

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

The fast spread of the COVID-19 in the past few weeks have forced some metallurgical mining companies to either slow down or to completely suspend their operations, as many countries where their mining sites are located have adopted the harsh measure of lockdowns to curtail the virus from infecting more citizens and to prevent their medical systems from collapses.
China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
Glencore idles energy, metal operations to contain virus Mar 27, 2020

Glencore, a multinational energy and mineral producer, has been forced to join many other mining companies to idle its nonferrous and coal operations in several countries to cooperate with the respective countries’ efforts in containing the COVID-19, according to a company release on the afternoon of March 26 Central European Timezone.
SHFE waives all futures delivery fees till next January Mar 17, 2020

In a move seen as boosting trading activity and delivery volumes, the Shanghai Futures Exchange (SHFE) intends to temporarily waive physical delivery fees on all its listed commodities beginning April 10 until January 8 next year, according to a SHFE notice on March 17.
China’s DCE preparing for LPG futures, options launch Mar 11, 2020

The Dalian Commodity Exchange (DCE) headquartered in Northeast China’s Liaoning province is progressing with the launch of liquified petroleum gas (LPG) futures and options contracts, Mysteel Global has learned. The exchange is currently collecting public feedback about the contract designs and will accept submissions until March 13.
Hongqiao to lift Indonesian alumina capacity to 2 mln t/y Mar 06, 2020

China Hongqiao Group, the country’s leading aluminum producer headquartered in East China’s Shandong province and listed in Hong Kong, has recently secured the financing for its second-phase alumina expansion in Indonesia to double the capacity to 2 million tonnes/year by the end of 2020, market sources confirmed on Friday.
BHP sees 6% yoy decline in H2 ’19 Escondida unit cost Feb 18, 2020

Unit cost at BHP’s core copper ore operation, its Escondida mine in North Chile, declined 6% on year to $1.1/lb for the first half of FY 2020 (July-December 2019), according to its financial report released on February 18.
Vale’s 2019 nickel output down 15%, 2020 target stable Feb 12, 2020

Brazilian mining giant Vale, a top iron ore producer and the world’s largest nickel producer, saw a 15% year-on-year decline in its finished nickel production during 2019 at 208,000 tonnes, mainly due to operation interruptions and lower processing rates at some works. However, Vale predicts stable nickel production this year at 200,000-210,000 tonnes, according to its latest quarterly report released on February 11 Brazilian time.
BHP H1 FY20 Cu output up 7% YoY, target unchanged Jan 21, 2020

BHP’s copper production posted a year-on-year increase of 7% during the first half of the company’s 2020 fiscal year ending December 31, with total output reaching 885,000 tonnes. However, for now the company is maintaining its copper production guidance for the full 2020 business year (ending June 30, 2020) unchanged at 1.71-1.82 million tonnes, according to its latest quarterly production report released on January 21.
Alcoa's aluminum shipments to rise in '20 on demand lift Jan 16, 2020

Alcoa Corporation, a global producer of bauxite, alumina and aluminum, expects its aluminum shipments to rise this year as it believes global aluminum demand will increase, according to the company’s latest Q4 and full-year 2019 results published on January 15 local time. But the Pennsylvania-headquartered firm expects a supply surplus too, it admitted.
South32's Oct-Dec production table Jan 16, 2020

Production Summary Note: South32’s financial year runs from July to June. Unless otherwise noted: percentage variance relates to performance during the half year ended December 2019 compared with the half year ended December 2018 (HoH) or the December 2019 quarter compared with the September 2019 quarter (QoQ); production and sales volumes are reported on an attributable basis. Source:
China’s Jiangxi Copper buys large stake in Canada’s FQM Dec 13, 2019

Jiangxi Copper Co, one of China’s leading copper conglomerates based in Southeast China’s Jiangxi province, plans to acquire some 18% of Canada’s First Quantum Minerals (FQM) to become its largest shareholder, according to Jiangxi Copper’s December 10 release. Market sources suggested to Mysteel Global the Chinese smelter may be aiming to secure stable supplies of upstream feeds.
Shandong to scrap 2 million t/y of primary Al capacity Nov 28, 2019

East China’s Shandong province will idle and scrap some 2 million tonnes/year of primary aluminum smelting capacity so that Shandong Weiqiao Pioneering Group, purportedly the world’s largest aluminum smelter, can proceed with plans formalised last month to build a 2 million tonnes/year primary smelter in Southwest China’s Yunnan province. Weiqiao had signed a formal agreement with Yunnan local government on October 15, as Mysteel Global reported.
China’s Cu 2020 TC/RCs dive to $62/t, lowest since 2013 Nov 22, 2019

China’s three major copper smelters have reached an agreement on November 20 with Freeport-McMoRan (Freeport), a leading copper mining company in the world on the 2020 copper concentrate treatment and refining charges (TC/RCs) at $62/t or a new low since 2013, market sources commented.
China’s Zijin Mining to boost Cu output over 2020-2022 Nov 15, 2019

Hongkong-listed Zijin Mining Group, one of China’s top gold and copper miners, plans a step-by-step rise in production of gold, copper, zinc and silver over 2020-2022, with compound annual growth of copper production to range from 21.9% to 26% over the next three years, according to the company’s official announcement released on November 13. (metal contained).
China’s NEV leader BYD sees Q3 profits plunge Nov 01, 2019

Sales of new-energy vehicles (NEVs) in China continue to show signs of stalling, given a series of negative factors including the prevailing softening economy, the county’s cooling automotive sector generally, and the reduction in subsidies for NEV purchases since late June, market sources said.
Chalieco wins bid to join Indonesia alumina project Oct 25, 2019

A consortium led by China Aluminum International Engineering Corporation Limited (Chalieco), a listed arm of China’s aluminum giant Aluminum Corporation of China, has won the bid to construct an alumina refinery in Indonesia, according to an announcement released by the company on October 24.
Hydro’s Q3 earnings down despite higher production Oct 24, 2019

Norsk Hydro, Norway’s global aluminum producer, saw its underlying earnings before financial items and tax (EBIT) during Q3 plunge 49% a year-on-year to Norwegian Krone 1,366 million ($141.5), though the company’s production of bauxite, alumina and aluminum largely increased, the company said through an official news release on October 23. The Oslo-headquartered firm blamed the EBIT fall mainly on declining market prices of its commodities.
Anglo American tightens 2019 copper production guidance Oct 22, 2019

The severe drought in Central Chile has led Anglo American to tighten its production guidance for copper for full-year 2019 from 630,000-660,000 tonnes previously to 630,000-650,000 tonnes, according to the global miner’s latest quarterly report released on October 22. Water shortages might undermine production in 2020 too, it advised.
FEATURE: China’s NEV frenzy cools down, for now Oct 21, 2019

Domestic production and sales of new-energy vehicles (NEVs) across China are showing signs of weakness, largely as a consequence of the central government’s move to reduce generous subsidies on NEVs that over the past few years had helped automakers to enjoy substantial growths in electric car sales.

Pre 1 2 3 4 5 Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Company

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Glencore idles energy, metal operations to contain virus Mar 27, 2020

SHFE waives all futures delivery fees till next January Mar 17, 2020

China’s DCE preparing for LPG futures, options launch Mar 11, 2020

Hongqiao to lift Indonesian alumina capacity to 2 mln t/y Mar 06, 2020

BHP sees 6% yoy decline in H2 ’19 Escondida unit cost Feb 18, 2020

Vale’s 2019 nickel output down 15%, 2020 target stable Feb 12, 2020

BHP H1 FY20 Cu output up 7% YoY, target unchanged Jan 21, 2020

Alcoa's aluminum shipments to rise in '20 on demand lift Jan 16, 2020

South32's Oct-Dec production table Jan 16, 2020

China’s Jiangxi Copper buys large stake in Canada’s FQM Dec 13, 2019

Shandong to scrap 2 million t/y of primary Al capacity Nov 28, 2019

China’s Cu 2020 TC/RCs dive to $62/t, lowest since 2013 Nov 22, 2019

China’s Zijin Mining to boost Cu output over 2020-2022 Nov 15, 2019

China’s NEV leader BYD sees Q3 profits plunge Nov 01, 2019

Chalieco wins bid to join Indonesia alumina project Oct 25, 2019

Hydro’s Q3 earnings down despite higher production Oct 24, 2019

Anglo American tightens 2019 copper production guidance Oct 22, 2019

FEATURE: China’s NEV frenzy cools down, for now Oct 21, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6