August 2021

NEWSBREAK: First Q4 MJP aluminium producer offer at $230/t - sources

Initial offers for fourth-quarter supply of aluminium to main Japanese ports (MJP) are at a premium of $230 per tonne to the London Metal Exchange cash price, market participants told Fastmarkets on Tuesday August 24.

LIVE FUTURES 24/08: LME prices rise slightly, cancellations of copper, zinc, tin continue

London Metal Exchange future contracts for tin and zinc had the most prominent increases on the morning of Tuesday August 23, after a small rally on Monday in which copper, aluminium and nickel rose over 2%; cancellations in LME warehouses continued for some metals.

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

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

Alumina prices rise as market mulls fallout from Jamalco fire

Alumina prices climbed on Monday August 23 to their highest since February 1 last year, after trading sideways for most of this month.

LIVE FUTURES 23/08: LME copper in $27 backwardation, other prices up 2%

Cancellation of 44,000 tonnes of copper in London Metal Exchange warehouses kept the metal’s nearby price spreads in backwardation on Monday August 23, while sentiment for LME prices turned positive after a week of selling.

LIVE FUTURES 23/08: Nickel, lead up by nearly 2%; 44kt of copper booked for removal from Asian warehouses

Nickel and lead posted price increases of almost 2% in morning trading on the London Metal Exchange on Monday August 23, ahead of the Federal Reserve’s Jackson Hole summit which starts on Thursday.

IN CASE YOU MISSED IT: 5 key stories from August 20

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.

US low-copper secondary Al alloy prices rally again

Some secondary alloy prices in the United States rose to all-time highs again on Thursday August 19, though the benchmark A380.1 price held steady.

LIVE FUTURES 20/08: Copper back above $9,000, but all LME prices down on weekly basis

Short-covering activity helped some base metals prices on the LME end the week on a higher note at the end of trading on Friday August 20, but it was not enough to offset the losses seen after Thursday's sell-off.

Passing down high costs, hedging shields consumers from high aluminium premiums

Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.