January 2022

Copper concs TC/RC drops; Q2 buying seen

Copper concentrate processing charges fell in the week to Friday January 21 with tonnages sold to smelters at the low $60s.

China’s nickel sulfate price rises further amid strong LME nickel price

China’s nickel sulfate price increased during the week to Friday January 21 on the strong London Metal Exchange nickel price, but market sentiment is cautious towards the high price.

Alba and Mitsubishi Heavy Industries sign carbon-capture MoU

Aluminium Bahrain (Alba) has signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA (MHI EMEA) to explore carbon-capture opportunities as part of Alba’s decarbonization goals, it was announced on January 19.

Chinese firm makes major expansion in copper wire rod capacity to meet green energy targets

Chinese metal materials group Amer International has made an aggressive expansion of copper wire rod capacity.

BritishVolt secures gov funding for UK gigafactory; concerns on raw material supply grow

The British government has provided an in-principle funding offer of around £100 million ($135.6 million) to battery manufacturer BritishVolt for its planned gigafactory in Blyth, England.

China’s zinc imports plunge in Dec as Chinese participants eye reexport opportunities to Europe

China’s zinc imports fell by 82% in December 2021 from a year earlier, with Chinese participants taking advantage of reexporting opportunities to the European market, sources told Fastmarkets.

Chamberlain moves on after a near-decade in the LME trenches: Hotter on metals

Nobody ever wants to be the chief executive officer that goes down in history as permanently closing the London Metal Exchange open outcry floor. That undesirable title, should the situation arise, will now not go to its current head, Matthew Chamberlain.

LME aluminium, nickel prices under pressure following strong gains

Base metal futures on the London Metal Exchange were largely down at the 9am open on Friday January 21, following two days of strong gains in which nickel and tin reached fresh high levels, with the latter reaching an all-time high.

SHFE zinc, copper stocks rise; nickel inventories continue to decline

Changes in deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses were mixed during the week to Friday January 21.

Chamberlain steps down as LME CEO

Matthew Chamberlain, chief executive officer of the London Metal Exchange, will step down on April 30 to “pursue career interests outside the group”, Hong Kong Exchanges and Clearing Ltd (HKEX) announced on Friday January 21.