June 2021

LIVE FUTURES REPORT 16/06: Zinc down 1.9%; nickel falls to $17,500/t

Base metals prices weakened further during morning trading on the London Metal Exchange on Wednesday June 16, on news that the Chinese state reserve will sell copper, aluminium and zinc to ensure price stability.

NEWSBREAK: China to sell reserves of copper, aluminium, zinc to fabricators

China will sell its reserves of copper, aluminium and zinc to non-ferrous metals fabricators in the near future, in a move to ensure there is sufficient supply and stabilize commodity prices, which recently spiked, its National Food & Strategic Reserves Administration said on its website on Wednesday June 16.

IN CASE YOU MISSED IT: 5 key stories from June 15

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.

GLOBAL ALUMINIUM WRAP: Premiums mixed; Rotterdam up again

Aluminium premiums moved in different directions on Tuesday June 15, with Rotterdam premiums resuming their uptrend, the Japanese premium ticking downward from its multi-year high, and premiums in the US and Brazil steady.

LIVE FUTURES REPORT 15/06: Selloff takes copper, nickel down 4%, other LME prices follow

Keen selling was seen across the London Metal Exchange and throughout the day on Tuesday June 15, which took the price of copper to its lowest level since late April this year.

Rusal to use funds from Nornickel share buyback to upgrade, expand aluminium operations

Russian aluminium producer Rusal is to invest in the expansion and upgrading of its aluminium operations using capital raised through Nornickel's proposed share buyback scheme, the company said on Tuesday June 15.

MORNING VIEW: Base metals fall despite robust broader markets

Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.

LIVE FUTURES REPORT 15/06: LME copper drops 3.5%, base metals complex down

Base metals prices were all in decline during morning trading on Monday June 15, with copper experiencing the most significant fall after the Chinese markets reopened and futures prices were sold.

IN CASE YOU MISSED IT: 5 key stories from June 14

Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.

LIVE FUTURES REPORT 14/06: Nickel and aluminium up more than 1%, tin $200 short of new year-to-date high at Monday close

Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China.