June 2021

LIVE FUTURES REPORT 10/06: LME copper down to $9,980, other prices steady

Base metals prices on the London Metal Exchange were little changed at the 5pm close of trading on Thursday June 10, with slight increases for aluminium and nickel, while prices dipped elsewhere on the complex.

EU to impose carbon border adjustment mechanism on steel, Al imports, other products

The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to a draft of the EC’s proposal seen by Fastmarkets on June 10.

LIVE FUTURES REPORT 10/06: Nickel, copper down over 1% ahead of US CPI data

Nickel and copper were down the most on the London Metal Exchange on June 10 morning, although all prices fell ahead of the release of US consumer prices data later on Thursday.

US Midwest aluminium premium elevated by strong demand, tariffs, Alcoa CFO says

US Midwest aluminium premiums were likely to stay at elevated levels on continuing strength in physical demand and the continuation of trade tariffs, the chief financial officer of Alcoa has said.

LIVE FUTURES REPORT 09/06: LME prices broadly unchanged at close but nickel up 1%

Prices on the London Metal Exchange were mostly unchanged at the close of trading on Wednesday June 9, with futures contracts sticking to a consolidation phase at high levels so far this week.

LIVE FUTURES REPORT 09/06: LME nickel up 1%; other metals trade sideways

Nickel gained the most in percentage terms during morning trading on the London Metal Exchange on Wednesday June 9, while other base metals were mostly unchanged from Tuesday at high levels.

MORNING VIEW: Underlying support in base metals continues to look robust

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9.

IN CASE YOU MISSED IT: 5 key stories from June 8

Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.

US aluminium scrap imports rise in April

Imports of used beverage can (UBC) scrap and industrial aluminium scrap into the United States rose 9.49% month on month to 36,990 short tons in April from 33,784 tons in March, according to the most recent data from the US Census Bureau.

GLOBAL ALUMINIUM WRAP: Resilient demand, scarce supply support high premiums; Rotterdam rises

Strong demand and tight supply supported aluminium premiums at recent multi-year highs across the globe on Tuesday June 8, although levels for those in South Korea were unchanged for two months.