July 2020

LIVE FUTURES REPORT 03/07: Backwardation pressures LME copper price; nickel slips below $13,000/t

The three-month copper price on the London Metal Exchange was lower at the close of trading on Friday July 3, falling by more than 1.2% over the afternoon against low turnover, while nickel futures slipped below nearby support levels.

BATTERY RAW MATERIALS MARKET REPORT 03/07: Lithium, graphite and cobalt metal prices all under pressure from thin demand

An overview of the battery raw materials markets and their latest price moves.

ALUMINIUM BILLET WRAP: Brazil, Thailand premiums fall on weak demand; Europe flat

Aluminium billet premiums in Brazil and Thailand edged lower on Friday July 3 due to continued poor demand, while liquidity for billet across the globe remained low.

Production resumes at Hydro’s Paragominas mine, Alunorte alumina refinery

The power supply to the Paragominas bauxite mine, in the state of Pará in northern Brazil, has been restored, producer Hydro said on Friday July 3.

COPPER CONCS SNAPSHOT: TC/RCs steady with focus on Chile mine supply concerns

The spot market remained subdued this week but buyers are picking up copper concentrates at low levels while the Chilean coronavirus situation remains precarious, sources said on Friday July 3.

ALUMINA SNAPSHOT: Demand from China pushes alumina index above $260/t

Key information from the pricing session for Fastmarkets’ alumina index, fob Australia, on Friday July 3.

Rio Tinto sees 15% less copper reserves in Oyu Tolgoi after plan changes

The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3.

Chinese alumina market ‘lights up’ as SHFE aluminium price hits six-month high

Market activity in the domestic Chinese alumina market jumped up in the second half of the week to Thursday July 2 after the Shanghai Futures Exchange aluminium futures price rose to its highest since January 23.

LIVE FUTURES REPORT 03/07: LME nickel price bucks downtrend with 1.3% climb; copper spread swings to backwardation

The three-month nickel price on the London Metal Exchange surged by more than 1% during morning trading on Friday July 3 amid strong turnover, while tight forward spreads cooled interest in LME copper futures.

Five key drivers in the aluminium Rotterdam duty-paid market for Q3

With the first half of a volatile 2020 finished, participants in the aluminium Rotterdam duty-paid market expect United States-Canada trade policies, premium forwards, spreads and a complicated 2021 mating season to drive premiums in the coming months.