June 2021

LIVE FUTURES REPORT 30/06: Copper tumbles 8.5%, aluminium up during June

Copper’s three-month price has shown the biggest fall during June among base metals on the London Metal Exchange, rocked by Chinese announcements and rising inventories, while the prices of other base metals such as aluminium and tin were higher than on June 1.

Shanghai bonded copper stocks rise to 23-month high in June; zinc inventories drop by 10.7%

Copper stocks in Shanghai bonded warehouses rose to a 23-month high in the month of June as a result of a closed arbitrage window between London and Shanghai.

GLOBAL ALUMINIUM WRAP: Russian export duty jolts markets, premiums

Aluminium premiums strengthened across Europe, the United States and Japan on Tuesday June 29, while premiums elsewhere were flat or falling. Russia’s planned export duty on primary aluminium dominated market discussions, with the result expected to be bullish for premiums.

LIVE FUTURES REPORT 29/06: LME lead above $2,300/t, all metals except copper rise

All prices on the London Metal Exchange except for copper finished the day on June 29 at higher prices than Monday, with lead showing the biggest gains and setting a new year-to-date high, and aluminium up by 2.5%.

MORNING VIEW: Base metals down in London and Shanghai – spread of delta variant a headwind

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were weaker across the board this morning, Tuesday June 29, with the spread of the Covid-19 Delta variant a worrisome development.

LIVE FUTURES REPORT 29/06: Tin and aluminium firm on supply bottlenecks, other prices mixed

With the exception of rising tin and aluminium prices, most prices on the London Metal Exchange were mixed on the morning of June 29.

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

Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look.

LIVE FUTURES REPORT 28/06: LME tin price climbs above $31,000/t on MSC restart delay

Tin was the best performer on the London Metal Exchange during trading on Monday June 28, while the rest of the complex was mixed at the start of the new week with particularly low volumes for copper's three-month contract.

WEBINAR: Spotlight on European aluminium premiums

Join Fastmarkets and the London Metal Exchange on Tuesday July 6 for a webinar about European aluminium premiums ahead of the launch of the LME’s new cash-settled futures contract.

FOCUS: What will the Russian metals export duty mean for European aluminium premiums?

A Russian export tax on aluminium and other base metals levied to curb inflationary risk in the country has stirred expectations of further increases in an already bullish physical market.