September 2021

IN CASE YOU MISSED IT: 5 key stories from September 30

Here are five Fastmarkets stories you might have missed on Thursday September 30 that are worth another look.

LIVE FUTURES REPORT 30/09: Nickel drops to three-month low on LME, Al only price higher than Sept 1

Nickel's three-month price was at its lowest since late June on the afternoon of September 30; all other London Metal Exchange prices were down across the board by 2-4%.

South32 announces acquisition of up to an additional 25% of Mozal Aluminium

Australia-based mining company South32 have announced that they have exercised their pre-emptive rights to acquire an additional 25% shareholding in Mozal Aluminium from MCA Metals Holding GmbH (Mitsubishi) in a public notice released on Thursday September 30.

SHFE STOCKS REPORT 30/9: Inventories of base metals broadly down; aluminium bucks trend [UPDATED]

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouse broadly declined in the week to Thursday September 30, with tin recording the biggest fall and aluminium being the lone riser.

Secondary aluminium prices reach all-time highs on surging silicon market

Production halts in China, the world's largest producer of silicon and magnesium, saw prices for the chemical elements surge in the week to Wednesday September 29, with ripples felt across the aluminium industry, where elements such as silicon can comprise up to 13% of alloy production.

LIVE FUTURES 30/09: Steady prices on LME; aluminium, tin strong ahead of month's end

London Metal Exchange prices were largely unchanged on the morning of Thursday September 30, with tin and aluminium the standout performers for the month.

MORNING VIEW: Metals mixed, with dip buying evident on LME; SHFE weaker

Base metals prices were mostly slightly up on the LME but weaker on the SHFE this morning, Thursday September 30, but overall the markets seem to be consolidating while they await big-picture developments.

LIVE FUTURES REPORT 29/09: Nickel almost below $18,000/t; all LME prices fall with dollar at 10-month high

Nickel was almost at a four-month low, while all prices on the London Metal Exchange declined on Wednesday September 29, pushed down by the continued uncertainty over demand given high energy prices and a US Dollar Index that was at its highest since November 2020.

Toyota’s Japan sales, production decline by 19.4%, 39.3% in August; company faces supply chain disruptions

Japan’s August production and sales of Toyota’s new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.

LIVE FUTURES 29/09: Base metals edge lower, US Dollar highest since Nov 2020

Base metals prices edged down in morning trading on Wednesday September 29, with weakness in across the complex supported by the rising US Dollar Index, which pushed up to its highest level since November 2020.