April 2021

ADC 12 aluminium ingot prices in China rise on reduced production, increased costs

ADC 12 aluminium alloy prices in China rose on Wednesday April 28, due to higher production costs and reduced supplies, caused by a month of environmental inspections in Jiangxi province.

PRICING NOTICE: Correction to Aluminium ingot ADC 12, exw dp China, yuan/tonne assessment

Fastmarkets has corrected its weekly price assessment for Aluminium ingot ADC 12, exw dp China, yuan/tonne, which was published incorrectly on Wednesday April 28 due to a reporter error.

AT A GLANCE: Glencore’s nickel production drops 11% in Q1; cobalt output up

A summary of Glencore’s production results for the first quarter of 2021, as released on Thursday April 29.

Vale again mulls base metals spin-off after sale of VNC

Mining major Vale is again considering spinning off its base metals business after reporting strong first-quarter earnings on soaring metals prices.

PEOPLE MOVES: Hodgson returns to Rusal; Andryushin moves to deputy ceo of sales

Aluminium producer Rusal has appointed Roman Andryushin to the position of deputy chief executive officer of sales in Russia, the Commonwealth of Independent States (CIS) and China, the company said on Thursday April 29.

LIVE FUTURES REPORT 29/04: LME copper cash price hits $10,000/t; 64kt aluminium delivery in Port Klang

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Thursday April 29, supported by a weaker dollar and bullish sentiment.

MORNING VIEW: Base metals prices boosted by dovish Fed, bullish Biden

With the exception of lead on the Shanghai Futures Exchange, base metals prices were stronger this morning, Thursday April 29, reassured that Federal Reserve would keep policy loose and because United States President Joe Biden pumped up the outlook for the US by saying the country is “ready for takeoff".

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

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

BASE METALS WARRANTS REPORT 28/04

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 28.

LIVE FUTURES REPORT 18/04: LME tin at highest since Aug 2011; nickel up 2.7%

London Metal Exchange tin’s three-month price rose to its highest since August 2011 during trading and was up by 5% at Wednesday's close on April 28 following news from one of the market’s main suppliers while nickel made substantial gains on its fourth consecutive day on the rise.