December 2021

LME base metal futures mixed, nickel declines 1.5%

Base metals futures on the London Metal Exchange were mixed at the 9am open on Thursday December 9, with macro forces such as the Omicron variant of COVID-19 continuing to cause price volatility.

Base metals prices mixed but overall still heading sideways

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Thursday December 9. This comes after a strong performance on the LME on Wednesday, when prices closed up by an average of 1.7%.

Chinese domestic ADC 12 price softens, export market mute

Key data from Fastmarkets’ pricing session in China on Wednesday December 8.

Five key stories from December 8

Here are five Fastmarkets stories you might have missed on Wednesday December 8 that are worth another look.

Brazilian aluminium demand to rise 3.3% in 2022, industry group says

The Brazilian aluminium market will grow at a more moderate pace of 3.32% in 2022 after consumption soared in 2021 and reached the highest levels in a decade, industry group Abal said on Wednesday December 8.

Global aluminium premiums still mixed; LME spreads in backwardation [CORRECTED]

Aluminium premiums were mixed globally on Tuesday December 7, with main Japanese ports (MJP) and South Korean premiums softening, Brazilian premiums up, and Europe and the United States flat.

Increased recycling to restrain aluminium smelter expansions, Barclays says

Primary aluminium smelter expansions will need to be very well-positioned on the cost curve and linked to low or zero-carbon power in order to get the green light as the industry pushes to decarbonize, according to a report by Barclays.

Impact-investment fund sets sight on 'zero emission' lead-acid battery recycling tech

A climate impact-focused investment firm backed by giant conglomerates including Coca Cola has set its sight on the soon-to-be $40 billion battery recycling industry.

Lack of finance could constrain mining amid ESG concerns, IMF says

Insufficient financing for metals and mining investment due to growing investor focus on environmental, social and governance (ESG) considerations could constrain production and add to potential supply-chain bottlenecks, according to analysts at the International Monetary Fund (IMF).

Base metal warrants report for December 8

A summary of London Metal Exchange warrant premiums for the week to Wednesday December 8.