April 2021

Kaiman alumina refinery to halve output on bauxite shortage

Chinese alumina refinery Kaiman (Sanmenxia) Aluminium has cut its production by half because of a shortage of bauxite supplies, market sources told Fastmarkets on Monday April 19.

Major Chinese metal producers bought North Korean zinc, lead, gold concs

Several major Chinese metal producers bought zinc and gold concentrates produced in North Korea in 2019, despite economic sanctions, a court ruling has revealed.

FOCUS: What do sinking China premiums say about copper's bull price rally?

It seems that copper's biggest market has soured on the metal. Premiums paid over exchange prices for copper cathodes imported into China have fallen in recent weeks, dropping to a five-month low in a decline that shows no signs of slowing down.

South32, Korea Zinc lock in annual lead TCs at 22% lower than 2020

Korea Zinc has agreed annual supply contracts for lead concentrate from South32’s Cannington mine in Australia with a 21.92% reduction in treatment charge (TC) terms from a year ago.

LIVE FUTURES REPORT 19/04: LME copper price up 2%; tin breaches $27,000/t

Copper’s London Metal Exchange three-month price continued on the upside with a rise to $9,415 per tonne on the morning of Monday April 19, while tin’s price was also up 1.6% and nickel’s futures undid its Friday gains.

FOCUS: Will nickel briquette lose appeal as feedstock with Chinese nickel sulfate price declining?

Nickel briquette has steadily become a more favored choice of feedstock for Chinese battery-grade nickel sulfate producers in recent months, resulting in a notable pick-up in spot trading activity for the former.

MORNING VIEW: Base metals prices mixed, broader markets generally positive

Base metals prices were mixed on both the London Metal Exchange and the Shanghai Futures Exchange this morning, Monday April 19, while broader markets were generally upbeat, save in India where a surge in Covid-19 infections is weighing on equities.

IN CASE YOU MISSED IT: 5 key stories from April 16

Here are five Fastmarkets stories you might have missed on Friday April 16 that are worth another look

LIVE FUTURES REPORT 16/04: Gains of over 3% for LME copper, zinc, lead and tin in the week

Almost all base metal futures prices rose by over 3% in the week ending Friday April 16, despite falling lower from their readings on Thursday, boosted in part by a US dollar index that has been at its lowest in a month.

NEW ENERGY MATERIALS MARKET REPORT 16/04: Spodumene price surges; cobalt, manganese softer

An overview of the new energy materials markets and their price moves from the past week.