April 2021

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.