January 2022

LME tin price reaches fresh all-time high, nickel highest since 2011

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Thursday January 20, with tin reaching a new all-time high.

Nickel, tin storm ahead while other metals generally firmer after brief consolidation

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mainly stronger on the morning of Thursday January 20. Aluminium was an exception, but nickel and tin roared higher.

China’s domestic stainless steel prices rise further, but demand falls

China’s domestic stainless steel market maintained its uptrend in the week to Wednesday January 19, though demand is dropping gradually.

Alcoa expects 2022 aluminium output to drop 100,000t, reports Q4 loss

Alcoa Corp expects its refined aluminium shipments to fall by 3.8% - or 100,000 tonnes - this year, it said when reporting its latest financial results on Wednesday January 19.

Chinese ADC 12 prices soften on approaching holiday; MJP market rises

Key data from Fastmarkets’ pricing session in China on Wednesday January 19.

Five key stories from January 19

Here are five Fastmarkets stories you might have missed on Wednesday January 19 that are worth another look.

Eurometaux warns EU of disruptions in metal production

Eurometaux, the non-ferrous metals industry association, warned the European Union of “unsustainably high European electricity prices” and asked that a package of measures be adopted “to prevent deindustrialization in strategic industries,” in a letter on Tuesday January 18.

Base metal warrants report for January 19

A summary of London Metal Exchange warrant premiums for the week to Wednesday January 19.

Novelis aluminium alloys certified at up to 99% recycled

Three of US aluminium producer Novelis’ alloy products - grades 3105, 3004 and 3025 - have been independently certified as having as much as 99% recycled content, the aluminium rolling and recycling firm said on Tuesday January 18.

Offers above $400/t on zinc spot premiums amid acute tightness in Northern Europe

Consumers of zinc have been quoted offers above $400 per tonne for material on a spot basis in Northern Europe, sources told Fastmarkets, because acute supply tightness in the region continues to put pressure on prices.