June 2021

IN CASE YOU MISSED IT: 5 key stories from June 24

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.

US bans chip-grade silicon from China, citing forced labor of Uygurs

The US government’s Department of Commerce has banned imports of silicon from Hoshine Silicon Industry, the world’s largest silicon metal producer, and four other companies in China’s Uygur region, which the US accuses of using forced labor.

LIVE FUTURES REPORT 24/06: LME prices edge up; only copper closes lower

All base metals prices on the London Metal Exchange, except for copper, finished slightly higher on Thursday June 24, with the recovery continuing after last week’s decline while the US Dollar Index consolidated on low ground to lend support to the complex.

Russia plans to set steel, base metals export duty from August 1

Russia's economy ministry has proposed that the government impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), documents seen by Fastmarkets state.

MJP aluminium stocks climb 4.4% in May, Nagoya stocks up 10%

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama climbed for a second month in a row in May, rising by 4.4%, but were down 15.6% from May 2020, according to data from major Japanese trading house Marubeni Corp.

LIVE FUTURES REPORT 24/06: LME copper price down 1.3%, stock reaches 11-month high

Copper prices on the London Metal Exchange fell on the morning of Thursday June 24, with concerns of earlier-than-expected interest rate increases returning to the market.

MORNING VIEW: Base metals consolidating after three-day rebound

Consolidation has set in across the base metals on the London Metal Exchange this morning, Thursday June 24, while in Shanghai, moves were mixed in response to the combination of yesterday’s strength and this morning’s weakness on the LME.

IN CASE YOU MISSED IT: 5 key stories from June 23

Here are five Fastmarkets stories you might have missed on Wednesday June 23 that are worth another look.

Rio Tinto signs MoU with Schneider Electric to drive decarbonization

Rio Tinto has signed a memorandum of understanding with Schneider Electric to develop a circular and sustainable market ecosystem for both companies and their customers, the metals and mining company said.

Investor Mubadala buys stake in aluminium producer En+ Group

Abu Dhabi-based sovereign investor Mubadala Investment Co has acquired a 2.6% stake in En+ Group, the aluminium and power company said on Wednesday June 23.