October 2021

ALUMINIUM BILLET WRAP: Europe, Brazil premiums continue to hit fresh highs

Aluminium billet premiums remained high across the globe on Friday October 22, with market participants focused on business for 2022.

European trade groups warn about 'catastrophic impact’ of Chinese magnesium shortage

European trade groups warned about the potentially "catastrophic impact" of a Chinese magnesium supply shortage on metals producers in the region, calling on the European Commission and national governments to take immediate action to mitigate the risks to industry.

LIVE FUTURES 22/11: LME aluminium back at $2,800/t; copper, nickel continue to slide

London Metal Exchange base metals prices were mostly lower at the 5pm close on October 22, with investors looking to book profits from peaks reached earlier in the week.

SHFE STOCKS REPORT 22/10: Stocks mixed; aluminium up by 8.3%

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 22, with aluminium increasing the most in percentage terms and tin leading the declines.

Guizhou orders power cuts amid China’s potential ‘coal interventions’

Southern Power Grid in Guizhou province ordered electricity curbs on local aluminium producers, effective from Tuesday October 19, market sources said.

IN FIGURES: China's base metal imports in September

A summary of China’s base metal imports in September 2021, according to Chinese customs data released on Wednesday October 20.

LIVE FUTURES 22/10: LME Al price continues to fall; others try to recoup Thursday's losses

Base metals prices on the London Metal Exchange mostly rebounded during morning trading on Friday October 22, with aluminium the lone metal in negative territory.

MORNING VIEW: Base metals prices mixed following Thursday’s sharp pullbacks

Base metals prices on the London Metal Exchange were mainly stronger during morning trading on Friday October 22, but those on the Shanghai Futures Exchange were largely down – this follows significant losses on the LME on Thursday.

Backwardated forward spreads on LME spur P1020 sell-off in Europe

Looming backwardations on London Metal Exchange spreads sparked a sell-off of P1020 aluminium in Europe on Thursday October 21, with participants concerned about carrying metal into 2022.

LIVE FUTURES 21/10: Aluminium prices down 5% on LME, nickel C/3M in $88 backwardation

Base metal prices on the London Metal Exchange were down across the board at the 5pm close of trading on Thursday October 21, with market participants beginning to sell off material following the recent price rally.