January 2020

IN CASE YOU MISSED IT: 5 key stories from January 17

Here are five Fastmarkets MB stories you might have missed on Friday January 17 that are worth another look.

AT A GLANCE: Rio Tinto Q4 copper production falls on lower ore grades

Rio Tinto's fourth-quarter copper production sank due to lower ore grades, especially at its Kennecott copper mine, while aluminium production took a hit due to unexpected outages in Iceland and Canada during the second half of 2019.

ALUMINIUM BILLET WRAP: Brazil, Japan premiums slide; Europe, US hold

Aluminium billet premiums in Brazil and Japan ticked down on Friday January 17 due to weak demand, while premiums in Europe and the United States were steady on unchanged fundamentals.

LIVE FUTURES REPORT 17/01: LME zinc price notches 1.5% uptick; tin nears $18,000/t

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.

ALUMINA ROUND-UP: Benchmark alumina prices static despite liquidity spike

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.

LIVE FUTURES REPORT 17/01: LME zinc price climbs above $2,400/t; tin pushes higher

The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.

SHFE STOCKS REPORT 17/01: SHFE lead stocks fall 32% week on week amid pre-holiday restocking

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.

LIVE FUTURES REPORT 17/01: SHFE base metals prices mixed amid trade uncertainty; Ni drops 2.1%

Base metals prices on the Shanghai Futures Exchange were on divergent paths at the close of the morning trading session on Friday January 17, with lingering trade uncertainty broadly pressuring the complex.

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

Here are five Fastmarkets MB stories you might have missed on Thursday January 16 that are worth another look.

US, EU, Japan tackle subsidies; aluminium trade groups upbeat

Representatives from the United States, European Union and Japan have agreed to jointly work toward strengthening existing World Trade Organization (WTO) rules on market-distorting industrial subsidies, a move welcomed by aluminium trade groups that have long sought to tackle Chinese overcapacity.