July 2021

LIVE FUTURES 23/07: LME base metals end week higher; nickel up 2.3%

Base metals prices on the London Metal Exchange were mostly higher at the close on Friday July 23, with nickel up 2.3%.

Henan floods cause disruption in China alumina market

China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.

AT A GLANCE: Norsk Hydro Q2 total revenue up 36% vs 2020; alumina, aluminium production up

Norwegian-based aluminium and renewable energy producer Norsk Hydro released a summary of financial and production results for the second quarter of 2021 on Friday July 23.

LIVE FUTURES 23/07: Tin hits new high, base metals broadly up

London Metal Exchange tin prices traded at fresh all-time highs of $34,700 per tonne on Friday July 23, with base metals starting the day in an uptrend despite mixed data from Europe's manufacturing industry.

SHFE STOCKS REPORT 23/07: Base metal inventories diverge; Zinc up 18.2%

Inventories of the base metals diverged in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most at 21.3% while copper stocks fell by 18.2%, according to the stocks report on Friday July 23.

Chinalco’s 1-mln-tpy alumina refinery in Henan suspends ops amid heavy floods

Chinalco Mining Co, a subsidiary of China Aluminium Group located in Luoyang city, Henan has suspended operations at its alumina refinery due to severe floods affecting the province in the past few days, Fastmarkets learned on Friday July 23.

MORNING VIEW: Gains across most base metals suggests underlying sentiment remains bullish

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday.

IN FIGURES: China's base metals imports in June

A summary of China’s base metals imports for June 2021, according to Chinese customs data released on Wednesday July 21.

PRICING NOTICE: Open consultation on secondary aluminium assessments going through IOSCO audit

Fastmarkets is inviting feedback from the industry on the pricing methodology for MB-AL-0005 aluminium pressure diecasting ingot DIN226/A380, delivered Europe, and MB-AL-0040 aluminum alloy A380.1, delivered Midwest, as part of a methodology review process to meet the International Organization of Securities Commissions (IOSCO) principles.

LIVE FUTURES 22/07: Base metals prices remain strong, tin hits new all-time high, copper up 1%

Base metals prices were up across the board at the 5pm close of trading on the London Metal Exchange on Thursday July 22, with the market appearing to calm down after a recent period of choppy trading.