November 2021

Global aluminium premiums mixed; LME spreads in backwardation

Aluminium premiums were mixed globally, with premiums in China and the Unites States falling, while other regions were mostly unchanged.

Spotlight on Omicron Covid-19 variant sees copper, aluminium, nickel prices down on LME

Base metals price movements on the London Metal Exchange were mixed at the 5pm close of trading on Tuesday November 30, with copper down by more than $100 per tonne.

LME base metal futures mixed amid Omicron variant concerns

Base metal futures on the London Metal Exchanged were mixed at the 9am open on Tuesday November 30 due to increasing concerns about the Covid-19 Omicron variant.

Metals volatile amid uncertainties over Omicron Covid-19 variant

Most base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were weaker during the morning of Tuesday November 30, with drugmaker Moderna warning that Covid-19 vaccines were unlikely to be that effective against the Omicron variant of Covid-19.

Five key stories from November 29

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

Nickel back above $20,000/t with slight pick ups for all LME prices

All London Metal Exchange futures prices were up at the end of trading on Monday November 29, with dip-buying present in the complex following a steep sell off across risk assets on Friday following the discovery of a new Covid-19 variant.

Copper, aluminium, nickel up on LME after drops on Friday and Covid variant concerns

Base metals prices on the London Metal Exchange were mixed but largely stronger during morning trading on Monday November 29, with copper, aluminium and nickel all trading up after prices dropped on Friday amid growing concerns over the new coronavirus variant Omicron.

China's largest smelters, steelmakers take first concrete steps toward carbon neutrality

China, the world’s largest carbon producer, has pledged to achieve carbon neutrality by 2060.

LME base metals rise as markets shake off initial Omicron Covid-19 variant concerns

All base metals prices on the London Metal Exchange were stronger during the morning of Monday November 29, as traders took a wait-and-see approach toward the Omicron variant of Covid-19.

Five key stories from November 26

Here are five Fastmarkets stories you might have missed on Friday November 26 that are worth another look.