April 2021

MORNING VIEW: Base metals prices mixed, broader markets generally positive

Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities.

IN CASE YOU MISSED IT: 5 key stories from April 16

Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another look

LIVE FUTURES REPORT 16/04: Gains of over 3% for LME copper, zinc, lead and tin in the week

Almost all base metal futures prices rose by over 3% in the week ending Friday April 16, despite falling lower from their readings on Thursday, boosted in part by a US dollar index that has been at its lowest in a month.

SHFE STOCKS REPORT 16/04: Lead inventories up by 24.1%; tin down 5.9%

Lead stocks in Shanghai Futures Exchange-registered warehouses climbed by 24.1% in the week to Friday April 16, due to seasonal weakness, while production cuts in Yunnan province caused tin inventories to fall 5.9%.

Rusal finalizes acquisition of Aluminium Rheinfelden

Global aluminium producer United Co Rusal has completed its acquisition of Germany-based aluminium products producer Aluminium Rheinfelden GmbH, it said in a release dated Friday April 16.

Bullish fundamentals support aluminium premiums, prices across supply chain

A shortage of aluminium in certain regions and healthy demand are keeping prices and premiums for the light metal throughout the supply chain supported at record highs around the world.

LIVE FUTURES REPORT 16/04: LME nickel, lead rise, while copper consolidates after Thursday surge

Nickel and lead futures prices on the London Metal Exchange pushed up on the morning of Friday April 16, while most other metals consolidated after a Thursday session that saw copper pulling along most of the other base metals.

MORNING VIEW: Robust Chinese economic data supports metals prices in Shanghai; LME metals consolidate

Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday’s strength, which followed strong US data.

AT A GLANCE: Alcoa expects over half of 2021 shipments to be VAP

A summary of aluminium and alumina producer Alcoa’s first quarter 2021 earnings results.

LIVE FUTURES REPORT 15/04: LME copper jumps above $9,200, year-to-date high for aluminium

Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.