May 2021

ALUMINIUM BILLET WRAP: Premiums at all-time highs across the board

Premiums for aluminium billet set or remained at all-time highs across the globe on Friday May 7, with tight supply and strong demand persisting.

Cliveden Trading in talks with Trafigura over partial sale of copper book - sources

Trafigura is in talks with Cliveden Trading to acquire copper purchase and sale contracts from the Zug-based trading house, sources with knowledge of the matter told Fastmarkets.

GREEN AL: Historically high aluminium prices, premiums keep low-carbon differential flat

High primary aluminium prices and premiums in Europe prevented market participants there from achieving a higher low-carbon aluminium differential throughout April, sources told Fastmarkets on Friday May 7.

Cesco calls for joint committee to examine new Chilean mining royalty

Cesco, the Chilean Center for Copper and Mining Studies, is calling for a technical and political committee to be formed in order to discuss the recent law proposal to increase mining royalties in the country.

As banks quietly spurned GFG's Liberty, commodity traders filled financing breach

Metal merchants for years ploughed credit into Liberty Commodities, the trading unit of GFG Alliance, even while banks quietly shunned the company.

LIVE FUTURES REPORT 07/05: Copper sets new record; zinc at three-year highs over $3,000/t

Copper's futures price set a new all-time high in afternoon trading on the London Metal Exchange on Friday May 7, with the bullishness also extending to zinc, which rose above $3,000 per tonne for the first time since June 2018, and aluminium.

NEW ENERGY MATERIALS MARKET REPORT 07/05: Cobalt complex softens on lack of inquiries

An overview of the new energy materials markets and their price moves from the past week.

COPPER CONCS SNAPSHOT: Spot trading slows; copper price reaches all-time high

Spot trading of copper concentrate slowed in the week ending Friday May 7 with Chinese and Japanese market participants away for holidays.

SHFE STOCKS REPORT 07/05: Base metal inventories rise; aluminium bucks the trend

All base metals stocks - bar aluminium - at Shanghai Futures Exchange-registered warehouses gained in the week to Friday May 7 with tin recording biggest increase in percentage terms.

FOCUS: Deterioration in China-Australia relations knock confidence in seaborne alumina trade

China’s National Development and Reform Commission announced a “suspension of all activities” under the framework of the China-Australia Strategic Economic Dialogue on Thursday May 6, due to what it called disruptive measures by Australian officials, causing concerns for the import of alumina sourced from Australia.