LME to publish discussion paper results around June 8; no decision on ring yet

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said.

30 April 2021 Andrea Hotter

SHFE STOCKS REPORT 30/04: Most base metals inventories down; nickel falls 8%

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell in the week to Friday April 30, with nickel down by the most in percentage terms.

30 April 2021 Sally Zhang

LIVE FUTURES REPORT 30/04: Further gains for LME tin, lead; copper consolidates

Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday.

30 April 2021 Ana de Liz

Shanghai bonded copper, aluminium stocks rise in April; nickel inventories down 20%

Copper and aluminium stocks in the Shanghai bonded zone declined in April, while those of zinc and nickel fell, with the latter declining by 19.9% amid increased import activity due to a favorable arbitrage between London and Shanghai.

30 April 2021 Hui Li, Sally Zhang, Yingchi Yang, Yiwen Ju

IN CASE YOU MISSED IT: 5 key stories from April 29

Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.

29 April 2021 Fastmarkets MB staff

Kaiser Aluminum warns semiconductor shortage could hit 2021 revenues

Continued problems with the sourcing of semiconductor chips could start to affect the revenues of Kaiser Aluminum’s automotive unit in the second half of the year, the semi-fabricated speciality aluminium producer has warned.

29 April 2021 Andrea Hotter

EV demand driving long-term nickel, cobalt outlook, Sherritt says

The demand for nickel and cobalt as battery materials for electric vehicles (EV) will keep their long-term bullish fundamentals intact, according to Canadian miner Sherritt International.

29 April 2021 Andrea Hotter

LIVE FUTURES REPORT 29/04: Copper, zinc reach multi-year highs; higher dollar hinders closing prices

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.

29 April 2021 Ana de Liz

5G & ELECTRONIC METALS: Apple’s Q1 profits double on 5G iPhone upgrades

Visible progress has been made toward network readiness and the availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.

29 April 2021 Ewa Manthey, Cristina Belda, Ana de Liz

AT A GLANCE: Lundin Mining Q1 copper output down on lower grades

A summary of Canada-headquartered Lundin Mining’s output figures for the first quarter of 2021, as stated in its production report published on Wednesday April 28.

29 April 2021 Renato Rostás