April 2021

PRICING NOTICE: US Midwest premium publication delay

Due to a reviewer error, the publication of Fastmarkets’ aluminium P1020A premium, ddp Midwest US was delayed on Tuesday April 27.

AT A GLANCE: Vale's Q1 income soars on higher iron ore, base metals prices

A summary of Brazilian miner Vale's results for the first quarter of 2021, as stated in its earnings report published on Monday April 26.

AT A GLANCE: Boliden reports weak Q1 output; profits down on last quarter of 2020, but up year on year

A summary of Swedish metals producer Boliden's financial and production results for the first quarter of 2021, as released on Tuesday April 27.

Aluminium smelter margins widen further with LME rallying to $2,400

Aluminium smelters are reeling in profits, with the London Metal Exchange aluminium price and premiums at multi-year highs and raw material prices depressed due to oversupply, sources said.

AT A GLANCE: Rusal aluminium sales dip 6.4% in Q1

A summary of aluminium producer UC Rusal’s first quarter 2021 operating results, released on Tuesday April 27.

AT A GLANCE: Hydro posts record Q1 results for aluminium extrusion business

A summary of aluminium producer Norsk Hydro’s results for the three months ended March 31.

LIVE FUTURES REPORT 27/04: LME copper up 1.6%; nickel near $17,000

Copper and nickel were the leaders of the rally during morning trading on Tuesday April 27 on the London Metal Exchange, rising by 1.6% and 1.7% as of 9am from their Monday prices, which were also on an upward momentum.

AT A GLANCE: South32 net cash up on higher commodity prices, strong output

A summary of South32’s results for its third quarter ending March 31, 2021.

MORNING VIEW: Base metals prices mainly higher, with nickel getting into gear too

Copper is once again pushing ahead with its advance toward $10,000 per tonne this morning, Tuesday April 27, and such is the upward momentum now across most of the complex that it has woken nickel up from its two-month slumber in low ground.

SHFE copper prices at near decade high on bullish sentiment

Copper prices on the Shanghai Futures Exchange climbed to a near ten-year high during morning trading on Tuesday April 27, supported by bullish sentiment toward the red metal.