December 2020

Argentina's Aluar aluminium smelter hits 70% capacity

Argentinian aluminium producer Aluar finished 2020 at 70% capacity utilization, ramping up production from stoppages related to the Covid-19 pandemic and weather conditions earlier in the year, the company said.

2020 LME BASE METALS PRICE REVIEW: Cu keeps Covid at bay, rises to 2013 levels; nickel spurred on by EV prospects

The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. Fastmarkets looks at why some metals outperformed others.

LIVE FUTURES REPORT 31/12: LME base metals dip day on day but end year higher vs Jan 2020

Base metal prices on the London Metal Exchange edged lower at the close on Thursday December 31, with a number of participants still out of the market due to the holiday season.

Shanghai-bonded Al stocks dip 85% m-o-m; zinc inventory up 16% more

Aluminium inventories in Shanghai-bonded warehouses had the sharpest drop aside from nickel after stocks were delivered to China on a persistently open arbitrage window, while stocks for copper and zinc continued rising amid no arbitrage opportunities and little activity.

Blister copper RC benchmark talks at final stage; level expected to rise

Discussions between Chinese copper smelter Jiangxi Copper and Zambian producer Chambishi on annual blister copper refining charges (RCs) for 2021 are at their final stage, with both sides expecting a rise in terms, Fastmarkets has learned.

LIVE FUTURES 31/12: Base metal futures dip as US stimulus prospects fade, boost dollar

London Metal Exchange base metal price futures prices all declined in morning trading on Thursday December 31, with lawmakers in the United States still at loggerheads regarding additional stimulus for the economy there.

IN CASE YOU MISSED IT: 5 key stories from December 30

Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.

LIVE FUTURES REPORT 30/12: LME base metals little changed; volume low, market quiet

Base metals prices on the London Metal Exchange were little changed at the close on Wednesday December 30 amid low volumes and quiet market conditions.

PRICING NOTICE: Correction to Shanghai copper premiums Dec 25, 28

Fastmarkets has corrected its Shanghai copper cathode premiums, which were published in error on December 25 and December 28.

LIVE FUTURES 30/12: Base metals trade sideways, market cools pre-New Year

Base metal futures made minimal trade on Wednesday December 30 morning, with market participants expecting the market to remain sluggish until after China's New Year holidays in February, Fastmarkets heard.