October 2021

US A380.1 alloy price soars to all-time high

Secondary alloy prices in the United States climbed again sharply on Thursday October 28, with strong demand, low supply and soaring raw material prices, especially for silicon, combining to drive transactions higher.

US mill-grade aluminium scrap prices drop, twitch up again

Mill-grade aluminium scrap prices declined week on week following decreases in primary aluminium prices on the London Metal Exchange, while the non-ferrous auto shred (twitch) price remained supported by solid export demand.

LIVE FUTURES 29/10: China thermal coal intervention drives weekly aluminium losses

Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.

Alumina market turns bearish on aluminium price drop

The recent decline in aluminium prices stoked bearish sentiment in the alumina market, pushing prices down 5% on Friday October 29.

SHFE STOCKS REPORT 29/10: Stocks mixed; copper up by 23.8%, tin down by 22.1%

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 29, with copper registering the most gain in percentage terms and tin leading the declines.

LIVE FUTURES 29/10: LME nickel price down 1.5%; most base metals on course for monthly increase

Base metals prices on the London Metal Exchange were broadly down on the morning of Friday October 29 following a brief rally on Thursday, however all but aluminium look set for a positive monthly close.

LIVE FUTURES 28/10: Base metals rally on LME, aluminium up 2.3% on large volumes

Base metals prices on the London Metal Exchange were up across the board at the 5pm close of trading on Thursday October 28, continuing to rebound following a recent period of widespread selling.

China’s domestic alumina prices flat after aluminium price tumbles

Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.

‘Interesting’ margins to be made from melting ‘difficult scrap’ - Norsk Hydro CEO

Norwegian aluminium and renewable energy company Norsk Hydro is looking at ways to use less-clean scrap in low-carbon ingot production, according to chief executive officer Hilde Merete Aasheim.

LIVE FUTURES 28/10: LME base metals prices rebound; copper, nickel up more than 1%

Base metals prices on the London Metal Exchange rebounded during morning trading on Thursday October 28, with nickel and copper leading the pack higher.