December 2021

Five key stories from December 23

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

Soaring energy prices jolt expectations of higher European aluminium premiums

Soaring European energy costs have stirred expectations for further increases in regional aluminium premiums heading into 2022.

LME base metals prices mixed on low volumes; copper, aluminium, nickel all up

Base metals prices on the London Metal Exchange were mixed, but largely up, at the 5pm close on Thursday December 23, after a day of low-volume trading.

Brazil sets aluminium import quota of 350,000 tonnes for 2022

The Brazilian government has approved a duty-free import quota for unalloyed aluminium of 350,000 tonnes for 2022, according to a notice in the country’s official gazette on Wednesday December 22.

LME base metals mostly rise; nickel back above $20,000/t

Base metal futures on the London Metal Exchange recorded mostly modest increases at the 9am open on Thursday December 23 despite thin trading.

Base metals, broader markets more upbeat on signs that Omicron may be less harmful Covid-19 variant than Delta

Base metals prices on the London Metal Exchange were more up than down, with the complex as a whole up by an average of 0.3% on the morning of Thursday December 23, while those on the Shanghai Futures Exchange were up across the board.

Chinese ADC 12 prices rise but Japanese market weakens

Prices for Chinese aluminium ingot ADC 12 edged up in the past week on costlier aluminium scrap, though the Japanese market continued to trend downward due to weak demand.

All LME base metals close higher; zinc up 3% on stock cancellation, technical support

Base metals on the London Metal Exchange closed higher on Wednesday December 22, with zinc recording the biggest gain.

Base metal warrants report for December 22

A summary of London Metal Exchange warrant premiums for the week to Wednesday December 22.

EU, US aluminium premiums rise; Asian markets quiet

Aluminium premiums in Europe and the United States moved up in the week to Wednesday December 22, amid strong fundamentals and more-favourable spreads on the London Metal Exchange.