June 2021

BASE METALS WARRANTS REPORT 16/06

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 16.

LIVE FUTURES REPORT 17/06: zinc down 3.7%, high US dollar drags down LME complex

The whole London Metal Exchange complex fell on Thursday June 17 due to a high US dollar, with zinc and lead the hardest hit.

Alumina market calms after quarantined Bayuquan cargo unloaded

The smooth unloading of a stranded alumina cargo locked in China's Bayuquan port calmed sentiment in the Chinese alumina market on June 17, sources said.

LIVE FUTURES REPORT 17/06: LME copper falls 2.1% amid dollar strength, others also weaker

Copper’s price fall and a higher US dollar index were the main factors in a decline in London Metal Exchange base metals prices for a fourth day on the morning of Thursday June 17, with most down by at least 1%.

ENERGY TRANSITION: Solar power capacity growth requires guaranteed supply of minerals and metals

Enabling large-scale expansion of solar power production capacity is a crucial part of the transition to a sustainable future for energy, but its prospects of growth rest on the current and future availability of key minerals and metals.

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

Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.

LIVE FUTURES REPORT 16/06: Mixed prices on LME ahead of US Fed statement

Price movements on the London Metal Exchange futures complex were mixed at the close of trading on Wednesday June 16, but were within the range of its Tuesday prices ahead of the US Federal Reserve’s statement later in the day.

CHINA AUTO: Chip shortage hits vehicle output, sales in May

Chinese automotive production and sales figures both fell on a monthly and annual basis, although figures for new energy vehicles still increased, according to the data from the China Association of Automobile Manufacturers (CAAM).

SHFE aluminium price drops on China reserves sell-off news but market optimistic for H2

Chinese aluminium market sentiment dipped in the morning of Wednesday June 16 after the National Food & Strategic Reserves Administration announced moves to calm the overheated commodity market, yet optimism remains for aluminium’s price performance in the second half of 2021.

Rio Tinto to study if hydrogen can reduce alumina refining carbon emissions

Rio Tinto has announced it will conduct a study into whether hydrogen can replace natural gas in alumina refineries to reduce emissions, it said on June 15.