March 2021

BASE METALS WARRANT REPORT 31/03

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 31.

Common alloy Al sheet imports hurt US: ITC

Imports of common alloy aluminium sheet originating from Bahrain, Brazil, Croatia, Egypt, Germany, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, Spain, Taiwan and Turkey have harmed the United States' industry, the US International Trade Commission said.

LIVE FUTURES REPORT 31/03: LME nickel price ends March 14% lower at $16,068/t; tin closes 8% higher

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply.

AMAG, Audi sign deal for closed-loop aluminium recycling

Aluminium cast and flat rolled products company Austria Metall AG (AMAG) has announced that it will collaborate with carmaker Audi Hungaria to ‘close the loop’ on aluminium recycling.

GLOBAL ALUMINIUM WRAP: Premiums rise to multi-year highs [CORRECTED]

Tight regional supply boosted aluminium premiums in Rotterdam and the United States to multi-year highs on Tuesday March 30, while the quarterly premium in Japan settled at its highest level for six years.

European Union enforces 21.2-32.1% anti-dumping duty on China aluminium extrusions

The European Commission (EC) will impose a definitive anti-dumping duty on aluminium extrusion imports from China, it said on Tuesday March 30.

LIVE FUTURES REPORT 31/03: Rewarranting of aluminium at LME warehouses in Malaysia fails to depress futures prices

More than 60,000 tonnes of aluminium was rewarranted at London Metal Exchange warehouses in Port Klang, Malaysia, on Wednesday March 31, but prices remained broadly unchanged from Tuesday's closing readings.

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Friday April 2. After that, because of the UK’s Easter holidays, the next daily PDF will be downloadable on Wednesday April 7.

MORNING VIEW: LME base metals prices run into support after Tuesday’s weakness

Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.

GLOBAL ALUMINIUM WRAP: Premiums rise to multi-year highs

Tight regional supply boosted aluminium premiums in Rotterdam and the United States to multi-year highs on Tuesday March 30, while the quarterly premium in Japan settled at its highest level for six years.