January 2022

LME aluminium prices fall; tin climbs 3%

The majority of the base metal prices on the London Metal Exchange closed down on Monday January 31, with only tin making gains.

Alumina pricing continues to climb on fresh trading

Key data from Fastmarkets’ alumina pricing session on Monday January 31.

LME base metals futures mostly up, copper rises 1%

Base metals futures prices on the London Metal Exchange were largely up at the 9am open on Monday January 31, although the gains have been modest so far.

Five key stories from January 28

Here are five Fastmarkets stories you might have missed on Friday January 28 that are worth another look.

LME base metals end week on backfoot; copper at $9,500/t

Profit-taking featured during trading on the London Metal Exchange on Friday January 28, with all base metals closing lower compared with Thursday, but with aluminium and zinc holding on to their key psychological levels.

US investment in China's auto, electronics faces further scrutiny for national security, research says

Greater scrutiny put on by a proposed US security bill could force US firms to reduce or divest current assets in China, including auto and electronics manufacturing plants, a research firm said.

SHFE nickel stocks down 23%, zinc up 23% in mixed movements

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday January 28, with zinc showing the biggest gain in percentage terms while nickel led the declines.

LME copper dips below $9,700/t; other metals trade sideways

Copper prices on the London Metal Exchange retreated below $9,700 per tonne during morning trading on Friday January 28.

Base metals prices mixed after recent volatility, ahead of Lunar New Year

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday January 28 amid a consolidation after the recent volatility across a broad section of markets and ahead of the Lunar New Year holiday, which in China runs from January 31 to February 6.

High aluminium billet, PFA premiums underpin Alcoa record profit

United States-based Alcoa sold more aluminium billet and primary foundry alloy in 2021, and at higher premiums, than it did in 2020, partly explaining its record annual profit for the year, but the producer declined to provide additional detail to Fastmarkets.