January 2022

Five key stories from January 18

Here are five Fastmarkets stories you might have missed on Tuesday January 18 that are worth another look.

Tin reaches new high on LME; aluminium closes above $3,000

Base metals prices on the London Metal Exchange were mixed by the 5pm close of trading on Tuesday January 18, with tin reaching a new all-time high but copper down by 0.6%.

LME 'enhancing monitoring' of nickel market; spreads in $473 backwardation

The London Metal Exchange is performing ‘enhanced monitoring’ of activity in the nickel market following a rapid tightening in the cash-to-three-month nickel spreads and a stock drawdown.

LME aluminium and physical premiums surge on low stocks, supply worries and bullish drivers

Rising energy prices and tight supply across the European aluminium market have stirred expectations of further increases in an already bullish market.

Sherritt issues 2022 nickel, cobalt guidance, targets expansion

Sherritt International expects to produce 32,000-34,000 tonnes of nickel in 2022 and 3,400-3,700 tonnes of cobalt and will grow this further in coming years, it said.

Teck’s HVC workers to vote on new collective agreement

Unionized workers at Highland Valley Copper (HVC) are to vote on recommendations for a new collective agreement proposed by mediators, which would avert a strike at the operations in British Columbia, Canada, its owner Teck Resources said.

Correction to January 13’s LME Asian reference prices

Fastmarkets has corrected the LME Asian reference prices for January 13, which were published incorrectly on January 14 due to a technical error.

Kitimat strike brings Rio Tinto 2021 aluminium production down by 1%

A summary of Rio Tinto’s fourth-quarter and 2021 full-year production results, as published by the company on Tuesday January 18.

Montero to take manager role at Antofagasta's Los Pelambres copper mine in Chile

Alejandro Vásquez Montero is to take over as general manager and operational vice president at Antofagasta’s Los Pelambres copper mine in north-central Chile, with current incumbent Mauricio Larraín Medina being promoted.

First Quantum achieves record copper production in 2021; increases guidance for 2022-24

A summary of Canadian miner First Quantum's preliminary production results for the last quarter and full year of 2021, and its updated guidance for the years up to 2024, as stated in its preliminary production report published on Tuesday January 18.