Futures contracts are an agreement to buy or sell a fixed amount of metal for delivery on a fixed future date at a price agreed today. Cookie Policy We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience.
Base metals outlook Drivers on the supply and demand side February 2012 Jim Lennon. Macquarie Capital (Europe) Limited ... Base metals price to cost curvespper stands out Source: LME, Macquarie Research, February 2012 ... $/tonne aluminium 90th percentile LME cash LME nickel prices and cash costs 0 10000 20000 30000 40000 50000
GLOBAL ALUMINUM PRODUCTION CASH COST CURVE BEFORE CASTING BY SMELTER* (in $/mton) 3,500 3,000 i 2,500 2,000 1,500 1,000 500 MMjilllliailPBI KSaSiOiSSsiBilKsa! 1ST QUARTILE 2ND QUARTILE 3RD QUARTILE 0 25 50 75 *Does not includes depreciation, sustained capital expenses, working capital or amortization. Excludes applicable VAT of 17%
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London Metal Exchange pricing "LME setting the global standard" The London Metal Exchange was founded in the year 1877, but has a history from the year 1571. LME is now the world's leading market for non-ferrous metals. LME prices are very important for companies who trade in these metals.
Our study compares production costs of the non-ferrous metals (NFM) industry in the European Union (EU) and other countries in order to understand whether these costs are higher in Europe. Our analysis focuses on copper and zinc, since they are considered to be the most greatly consumed non-ferrous metals after aluminium.
Aluminium premiums represent the cost of buying metal on the physical market on top of the London Metal Exchange cash contract. The volatility of aluminium premiums has been by far the biggest and most important development in the aluminium market since the global financial crisis.
Jul 05, 2017· Platinum is the worst-performing precious metal in the complex and has been down four of the last five years.At current prices, mine production is unsustainable and as we approach platinum's cash cost
arrival of new players, variations in exchange rates, shifting trends in aluminium cost curves, and the role of emerging economies. The main characteristics of current global aluminium industry are then presented, with a view on future demand and production. 2.
Global Steel Cost Service . The Global Steel Cost Service presents up-to-date, regular information and analysis on production costs for all the major iron and steel products and assesses cost trends that will affect the steel market in the short and medium term. This service allows subscribers to choose whether to receive information on flat products, long products or both, according to their ...
Aluminum smelting is an important contributor to our portfolio. We further improved our smelting assets when we met our goal of moving to the 38th percentile on the global cost curve in 2016. The unit is well positioned to benefit from improved future market conditions. Learn more.
Sep 18, 2019· Global zinc and lead mine cost summary 18 September 2019. This report is currently unavailable. ... Zinc and lead industry contained metal and reserve grade 1986 – 2017; Chinese reserves operating mines (costed mines only) 2003 – 2017 ... 2024 C1 cash cost curve - highlighting base case and probable projects (largest 15 by paid zinc ...
Jan 29, 2015· As bulk and base commodities continue to fall because of rising supplies and weak demand, investors are trying to make sense of it all. One useful tool is a cost curve. It provides a quick ...
The S-Curve is a form of mathematical theory, which aims to represent the utilization of resources over the proposed time of the project. Simply stated, the curvature illustrates the side by side comparisons of the actual time and expenditure components vs. the proposed time and costs allocations of .
Production costs for smelters are highly dependent on the global economic environment, which affects oil prices, and the prices of other commodities, including those that create smelters' input costs. For instance, during the global economic crisis in 2009, production costs for aluminium smelters decreased between 30 and 40% compared to the record high costs in .
LME Aluminium Contract specifications. Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. Each LME tradeable contract is likewise governed by rules covering (but not limited to) prompt dates, settlement terms, traded and cleared currencies and minimum tick size. Contract specifications ...
metal delivered to market, less net by-product credits (if any). The M1 margin is defined as metal price received minus C1. Direct Cash Costs cover: - Mining, ore freight and milling costs. - Ore purchase and freight costs from third parties in the case of custom smelters or mills. - Mine-site administration and general expenses.
1 Year LME Aluminum Warehouse Stocks Level : 5 Year LME Aluminum Warehouse Stocks Level : Spot quotes are non-LME prices *Disclaimer: The Data and Trademarks are used under licence from LME; LME has no involvement and accepts no responsibility to any third party in connection with the use of the Data and Trademarks; Onward distribution of the ...
Aluminium is a light metal which has a silvery white colour in its pure state and which is so soft that it can easily be stretched and used to make fine wires.
Prospectors and Developers Association of Canada. Mining valuation: New perspectives and a global update. Grant A. Malensek, MEng, PEng/PGeo ... Cost curve position remains an important value differentiator, ... Wood-McKenzie guidelines for base metal cost reporting** C1 Cash Costs
production cutbacks are estimated using a cost curve aggregating production on a global basis, and comparing it to international prices (LME prices in the case of base metals). As a general rule of thumb, prices eating into the cash cost curve below the 90th percentile are expected to see production curtailed, at least temporarily.
Norwegian aluminium giant Norsk Hydro ASA released results for the third quarter of 2019 yesterday. Financials were down overall due to a drop in aluminum and alumina prices, but higher upstream production and lower raw material costs helped to temper .
Cash cost is a term used in cash basis accounting that refers to the recognition of costs as they are paid in cash; cash costs are recognized in the general ledger at the point of sale . This ...
In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities.