December 2020

Argentina's Aluar aluminium smelter hits 70% capacity

Argentinian aluminium producer Aluar finished 2020 at 70% capacity utilization, ramping up production from stoppages related to the Covid-19 pandemic and weather conditions earlier in the year, the company said.

2020 LME BASE METALS PRICE REVIEW: Cu keeps Covid at bay, rises to 2013 levels; nickel spurred on by EV prospects

The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. Fastmarkets looks at why some metals outperformed others.

LIVE FUTURES REPORT 31/12: LME base metals dip day on day but end year higher vs Jan 2020

Base metal prices on the London Metal Exchange edged lower at the close on Thursday December 31, with a number of participants still out of the market due to the holiday season.

Shanghai-bonded Al stocks dip 85% m-o-m; zinc inventory up 16% more

Aluminium inventories in Shanghai-bonded warehouses had the sharpest drop aside from nickel after stocks were delivered to China on a persistently open arbitrage window, while stocks for copper and zinc continued rising amid no arbitrage opportunities and little activity.

LIVE FUTURES 31/12: Base metal futures dip as US stimulus prospects fade, boost dollar

London Metal Exchange base metal price futures prices all declined in morning trading on Thursday December 31, with lawmakers in the United States still at loggerheads regarding additional stimulus for the economy there.

LIVE FUTURES REPORT 30/12: LME base metals little changed; volume low, market quiet

Base metals prices on the London Metal Exchange were little changed at the close on Wednesday December 30 amid low volumes and quiet market conditions.

LIVE FUTURES 30/12: Base metals trade sideways, market cools pre-New Year

Base metal futures made minimal trade on Wednesday December 30 morning, with market participants expecting the market to remain sluggish until after China's New Year holidays in February, Fastmarkets heard.

IN CASE YOU MISSED IT: 5 key stories from December 29

Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.

WEEKLY BASE METAL PREMIUMS REPORT: 29/12

A summary of base metals premiums from across the globe for the week to Tuesday December 29.

LIVE FUTURES REPORT 29/12: Tin reaches new 2020 high; zinc drops 2%

The three-month tin price on the London Metal Exchange reached a new 2020 high, while zinc’s forward price saw a 2% slump and the rest of the base metals were mixed at the 5pm close on Tuesday December 29.