June 2021

China’s idled Al smelters plan to resume on higher SHFE Al price

Several idled aluminium smelters are scheduled to resume operations soon following a strong aluminum price on the Shanghai Futures Exchange, Fastmarkets was told on Tuesday June 22.

IN FIGURES: China's base metal imports in May

A summary of China’s base metal imports for May 2021.

LIVE FUTURES REPORT 22/06: Nickel leads LME recovery; 92kt of aluminium warrants cancelled

Nickel continued to experience the strongest rebound on the London Metal Exchange on the morning of Tuesday June 22, while most metals also trended upward following last week’s slumps.

LIVE FUTURES REPORT 21/06: Softer dollar aids rises in LME complex, nickel up 1.7%

The price of nickel was the best performer among base metals on the London Metal Exchange on Monday June 21 on account of a softer US Dollar Index, with all prices rebounding during afternoon trading after the sharp selling in the week ended June 18.

LIVE FUTURES REPORT 21/06: LME nickel bucks trend while other base metals continue to fall

Nickel was the only metal to show a slight increase in morning trading on the London Metal Exchange on Monday June 21, with all other base metals prices continuing to decline.

LIVE FUTURES REPORT 18/06: Copper slumps 8% through week, on Chinese news, Fed comments

All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex’s recent bullish run.

SHFE STOCKS REPORT 18/06: Zinc inventory falls nearly 11% on robust demand

Most base metals stocks in Shanghai Futures Exchange-registered warehouses decreased in the week to Friday June 18, with zinc recording the largest drop in percentage terms.

MORNING VIEW: LME base metals run into dip buying after recent weakness

Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.

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

Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.

PEOPLE MOVES: Ex-Cleveland-Cliffs’ Carrabba named ElementUS CEO

Joseph Carrabba, formerly chairman, president and chief executive officer of Cleveland-Cliffs, has been named CEO of ElementUS Minerals, the company has said.