January 2021

Capstone targets 40% higher copper production

Bolstered by historically low treatment charges (TCs) for copper concentrates and a strong base price for the red metal, Canadian producer Capstone Mining aims to be debt-free in 2021 and to hit 200 million pounds of copper production in 2022.

LIVE FUTURES REPORT 22/01: Tin up 3.4%, lead up 2.5% in week of Biden boost but rising Covid-19 worries

The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.

NEW ENERGY MATERIALS MARKET REPORT 22/01: Chinese nickel sulfate price matches historical high on reports of low stocks

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

COPPER CONCS SNAPSHOT: China smelters continue to snap up March cargoes

The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago.

Primary global aluminium production rose 4% in Dec 2020, IAI says

Statistics released by the International Aluminium Institute on Thursday January 21 showed that global monthly aluminium production in December 2020 rose by 4.22% year on year.

IN FIGURES: China’s battery raw materials exports in December 2020

A summary of China’s battery raw materials exports for December 2020.

IN FIGURES: China’s battery raw materials imports in December 2020

A summary of China’s battery raw materials imports for December 2020.

Vedanta seeks copper rod sales partner in Europe

Base metals producer Vedanta Resources is seeking a sales partner in Europe to sell the copper rods produced at its Fujairah Gold venture in the United Arab Emirates (UAE), it said.

LIVE FUTURES REPORT 22/01: Nickel down 1.5%; LME complex deflates after Biden bounce

The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the ‘Biden bounce’, even as the dollar continued to weaken.

MORNING VIEW: Base metals prices pull back as markets generally take a breather

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.