January 2021

LIVE FUTURES REPORT 18/01: LME aluminium price dips on 112kt delivery; tin up 0.6%

The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18.

Britannia Global Markets to ascend to Cat 2 on LME in February

Britannia Global Markets’ application to become a category 2 broking member of the London Metal Exchange has been approved by the exchange, its parent company said on Monday January 18.

112k aluminium delivery puts Gwangyang as new hotspot; spreads to widen

A delivery of over 100,000 tonnes of aluminium into warehouses across the London Metal Exchange network should be supportive of wider contangos and higher premiums, market participants told Fastmarkets.

INTERVIEW: ‘ONI is utilizing big data to drive improvements,’ Head says

Holman Head retired from his role as president and chief operating officer of O’Neal Industries (ONI) at the end of September. He recalls the substantial growth of the business during his 40-year career with the company and discusses likely future trends with Fastmarkets’ Bette Kovach.

LIVE FUTURES REPORT 18/01: Mixed start to the week for LME base metals

LME base metals prices had a mixed start on the morning of January 18, despite positive economic data coming out of China, with copper and nickel rising but zinc falling, capped by a high US Dollar Index.

MORNING VIEW: Base metals prices supported by strong data out of China

The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter.

IN CASE YOU MISSED IT: 5 key stories from January 15

Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.

ALUMINIUM BILLET WRAP: Billet premiums highest since 2019 on low availability

Most global aluminium billet premiums hit their highest levels since 2019 in the week to Friday January 15, with market participants seeing a lack of availability of products across various regions.

LIVE FUTURES REPORT 15/01: Zinc falls 2%; Copper drops below $8,000/t

The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.

Zero-carbon beer cans to hit shelves in Rio Tinto, AB InBev pilot

Beer cans made from low-carbon aluminium supplied by Rio Tinto are set to hit the shelves in the coming months as a partnership with brewer Anheuser-Busch InBev (AB InBev) enters its pilot phase.