April 2021

US Midwest aluminium premium climbs to new record high

The US Midwest aluminium premium jumped to a new all-time high on Friday April 30, with the US market struggling to attract much-needed imports while the freight and duty components of the premium have spiked as well.

US aluminium scrap prices rise despite auto slump

Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.

LIVE FUTURES REPORT 30/04: LME tin, copper prices surge by 14% in April despite dimmer closing prices

While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30.

LME to publish discussion paper results around June 8; no decision on ring yet

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said.

SHFE STOCKS REPORT 30/04: Most base metals inventories down; nickel falls 8%

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell in the week to Friday April 30, with nickel down by the most in percentage terms.

LIVE FUTURES REPORT 30/04: Further gains for LME tin, lead; copper consolidates

Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday.

Shanghai bonded copper, aluminium stocks rise in April; nickel inventories down 20%

Copper and aluminium stocks in the Shanghai bonded zone declined in April, while those of zinc and nickel fell, with the latter declining by 19.9% amid increased import activity due to a favorable arbitrage between London and Shanghai.

Kaiser Aluminum warns semiconductor shortage could hit 2021 revenues

Continued problems with the sourcing of semiconductor chips could start to affect the revenues of Kaiser Aluminum’s automotive unit in the second half of the year, the semi-fabricated speciality aluminium producer has warned.

LIVE FUTURES REPORT 29/04: Copper, zinc reach multi-year highs; higher dollar hinders closing prices

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.

ADC 12 aluminium ingot prices in China rise on reduced production, increased costs

ADC 12 aluminium alloy prices in China rose on Wednesday April 28, due to higher production costs and reduced supplies, caused by a month of environmental inspections in Jiangxi province.