September 2020

IN CASE YOU MISSED IT: 5 key stories from September 28

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

LIVE FUTURES REPORT 28/09: LME zinc price rallies to 2.4% rise; tin continues recovery

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Monday September 28, rallying during afternoon trading to push firmly above the $2,400-per-tonne threshold.

INTL AL CONF: Key discussion points from this year’s virtual International Aluminium Conference

Here are the key takeaways from Fastmarkets’ International Aluminium Conference that took place on Monday September 21-Wednesday September 23.

Shipping lines reject scrap cargoes to China; sends Sep copper scrap discount to widest in 2020

The spread between copper scrap and refined copper is at its widest since December 2019 due to ample availability after shipping lines stopped handling scrap cargoes bound for China this month.

Trafigura creates new venture for 2GW of renewable power and storage projects

Commodity trader Trafigura has formed a new company to invest in solar power, wind power and power storage projects across the world, the Geneva-based group said on Monday September 28.

Brazil's trade chamber confirms Al import quota exhaustion; decision due soon on renewal [UPDATED]

Brazilian trade chamber Camex confirmed this week that the country’s self-imposed quota for duty-free imports of aluminium had been exhausted, but it was expected to resolve soon upon an additional volume of around 30,000 tonnes, Fastmarkets has learnt.

Lundin Mining stops Chapada copper-gold mine after power outage, drops guidance

Canada-based base metals producer Lundin Mining has halted ore processing operations at its Chapada copper-gold mine in Midwestern Brazil after a power outage damaged mill motors, the company said on Sunday September 27.

SHFE STOCKS REPORT 28/09: SHFE base metals stocks plunge ahead of China’s Golden Week

Deliverable base metals stocks at Shanghai Futures Exchange-approved warehouses all plummeted in the week to Friday September 25, with lead falling the most before China’s Golden Week holiday (October 1-8).

LIVE FUTURES REPORT 28/09: LME copper price upbeat despite 30,000t inflow; tin climbs 1.6%

The three-month copper price on the London Metal Exchange was slightly improved during morning trading on Monday September 28, with price action moving 0.4% higher despite a fresh inflow of just over 30,000 tonnes into LME-registered warehouses in Rotterdam, while tin futures led on the upside with 1.6% increase to trade firmly above the $17,000-per-tonne support level.

China nickel sulfate price dips; nickel ore market continues to strengthen

The price of nickel sulfate in China edged down slightly in the week to Friday September 25, while the rally in nickel ore continued.