August 2021

LIVE FUTURES 17/08: Copper at one-month low on LME, nickel down 1.6%

A spike in the US Dollar Index in the afternoon of Tuesday August 17 brought down the prices for all base metals except tin and lead by the 5pm close of trading on the London Metal Exchange, with copper and nickel down respectively by 2% and 1.6%.

China's NDRC urges action on energy targets; SHFE aluminium price hits 15-year high

China’s National Development & Reform Commission (NDRC) urged all of the country’s provinces to take effective measures to meet the annual energy consumption and carbon emissions targets, in its monthly press conference on Tuesday August 17.

LIVE FUTURES 17/08: LME Al advances amid supply disruptions

The three-month aluminium price on the London Metal Exchange registered gains on the morning of Tuesday August 17 while the front-month contract on the Shanghai Futures Exchange also rose to new highs amid supply disruptions to the flow of metals and raw materials.

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

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

LIVE FUTURES 16/08: LME complex mixed; lead C/3m backwardation above $100/t

Prices on the London Metal Exchange were mixed at the close on Monday August 16, with only tin making a solid advance, while the rest of the metals were either down or around their Friday levels.

NBS: China's July aluminium output down 0.9% vs June

Chinese aluminium production in July of 3.26 million tonnes was down by 0.9% from June, according to National Bureau of Statistics data published on Monday August 16.

AT A GLANCE: Rusal H1 revenue up due to higher aluminium prices; production stable

A summary of aluminium producer Rusal’s results for the first six months of 2021 ended June 30.

EGA’s Jebel Ali smelter certified by ASI

Emirates Global Aluminium (EGA) has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for responsible production, sourcing and stewardship of aluminium at its Jebel Ali operations in the UAE.

MJP aluminium spot premium slips on fall in demand, lower deals

Aluminium premiums in Japan dropped by an average of $2.50 per tonne to $175-190 per tonne on Friday August 13, from $180-190 per tonne on August 10, with low buying interest weakening demand in recent weeks.

LIVE FUTURES 16/08: Negative Chinese data brings down LME prices; large outflow of aluminium from LME warehouses

Most prices on the London Metal Exchange started the week on lower ground than last Friday on Monday August 16, following worse-than-expected Chinese economic data published over the weekend.