December 2021

LME base metals under pressure, 67kt aluminium cancellation at Port Klang

Base metals prices on the London Metal Exchange started the week in negative territory with low volumes trading in the morning session on Monday December 20.

Vale names Deshnee Naidoo as head of base metals business

Deshnee Naidoo has been appointed as executive vice president of base metals at Vale, replacing Mark Travers, who is leaving the organization after over 20 years, the Brazil-based miner said.

Five key stories from December 17

Here are five Fastmarkets stories you might have missed on Friday December 17 that are worth another look.

Aluminium billet premiums hold steady globally

Aluminium billet premiums were flat globally on Friday December 17.

Aluminium pushes back above $2,700/t, following high energy prices

The London Metal Exchange aluminium price had the largest increase on Friday December 17, pushed higher by rising energy costs.

Stocks of most SHFE base metals down; copper inventories down by 16.4%

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell during the week to Friday December 17, with copper down the most in percentage terms.

LME base metals continue rebound; zinc still above $3,400/t

Base metals prices on the London Metal Exchange continued to edge higher on Friday December 17, with end-of year demand looking strong.

Rusal announces first phase of new low-carbon aluminium plant in Taishet

Russian aluminium producer Rusal has opened the first phase of a new low-carbon aluminium production plant at the Taishet smelter (TaAZ) in Siberia, the company announced on Friday December 17.

Strong rebound continues for base metals on LME; zinc up 4.6% on Nyrstar stoppage

Base metals prices on the London Metal Exchange continued their sharp rebound throughout trading on Thursday December 16 with buying activity continuing after Wednesday’s sell-off.

Off-warrant nickel stocks more than halved in Oct; copper, aluminium volumes continue to slide

Volumes of base metals held outside London Metal Exchange warehouses fell for all metals apart from tin and zinc in October, according to the latest off-warrant stock data from the LME.