January 2021

LIVE FUTURES REPORT 29/01: Tin up 1.5% over week, macro concerns depress other prices

Tin’s forward price rose by 1.5% in the week ended Friday January 29, while the rest of the base-metals complex on the London Metal Exchange, nickel and zinc in particular, showed lower prices than on Monday.

Shanghai-bonded nickel stocks fall 16.5% in Jan; aluminium inventories surge

Nickel stocks in Shanghai-bonded warehouses fell in January amid increased import activity due to a favorable arbitrage between London and Shanghai after China cut its provisional import tax on non-alloyed nickel from the beginning of the year.

SHFE STOCKS REPORT 29/01: Tin inventories up 22%, lead down 14%

Base metals inventories, with the exceptions of lead and copper, were reported to be higher in Shanghai Futures Exchange-registered warehouses in the week to Friday January 29, with tin up by the most in percentage terms, rising by 22.1% over the past week.

LIVE FUTURES REPORT 29/01: LME nickel, lead down 1%; tin continues to rise to new 2021 highs

Tin continued its advance to new 2021 highs in morning trading on the London Metal Exchange on Friday January 29, while the rest of the complex weakened slightly from Thursday, with nickel and lead’s forward prices dropping by 1%.

MORNING VIEW: Base metals prices mixed, with downside bias; broader markets under pressure

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.

GM to go fully electric by 2035, carbon neutral by 2040

General Motors (GM) plans to transition its entire light-duty vehicle fleet to electric vehicles (EVs) by 2035, bringing an end to its production of gasoline- and diesel-powered vehicles. The automaker aims to go carbon neutral by 2040.

IN CASE YOU MISSED IT: 5 key stories from January 28

Here are five Fastmarkets stories you might have missed on Thursday January 28 that are worth another look.

LIVE FUTURES REPORT 28/01: Tin breaches $23,000 but other results mixed

The price of tin on the London Metal Exchange rose to a new 2021 high on Thursday January 28, while the rest of the base-metals complex showed mixed results at the 5pm close.

ALUMINA SNAPSHOT: Alumina Atlantic differential near parity with Australia

Key information from the pricing session for Fastmarkets’ alumina index, fob Australia on Wednesday January 27.

APEX 2020: Winners predict ‘firm but bumpy’ growth for base metals in 2021; bullish for gold

The winners of Fastmarkets’ Apex 2020 price forecast contest set out their projections for factors that will most influence base metals, precious metals and steel raw material prices in 2021, with Covid-19 vaccinations a constant.