October 2020

US aluminium alloy, scrap prices continue climb

The benchmark A380.1 secondary aluminium alloy price climbed again in the week to Thursday October 29 to reach its highest point in nearly 22 months, while aluminium scrap prices in the United States also edged up amid sluggish inbound volumes and sustained demand.

Strong demand boosts Nexa’s Q3 results

Strong domestic demand for galvanized steel boosted the third-quarter results of Nexa Resources, the Brazilian base metals producer said.

LIVE FUTURES REPORT 30/10: Aluminium bucks downtrend in LME base metals prices

The three-month prices of all base metals on the London Metal Exchange had fallen by the close of trading on Friday October 30, with aluminium being the only exception.

PEOPLE MOVES: Ray Mennin joins Toroza from Andurand

Ray Mennin has joined United States-based commodities trading company and agent Toroza as vice president, Fastmarkets learned.

COPPER CONCS SNAPSHOT: TC/RCs stable; market eyes annual contract talks

Spot copper concentrate treatment and refining charges (TC/RCs) dipped marginally while the market began annual contract negotiations at a price level where the benchmark may settle, Fastmarkets heard.

PEOPLE MOVES: Carlos Alvarado named permanent commercial VP as Codelco makes four key appointments

Chile's state-owned copper miner, Codelco, has named Carlos Alvarado permanent vice president of its commercial marketing team, according to a briefing seen by Fastmarkets that was dated Friday October 30 and signed by company president Octavio Araneda.

NEW ENERGY MATERIALS MARKET REPORT 30/10: Lithium carbonate, hydroxide differential narrows

An overview of the new energy raw materials markets and their latest price moves.

FOCUS: LME’s QBRC rule moves to 80 days on Nov 1 at end of staggered reform

The London Metal Exchange will finalize the last stage in the relaxation of its queue-based rent capping (QBRC) rule on Sunday November 1, when the rule moves to 80 days full rent.

SHFE STOCKS REPORT 30/10: Lead inventory up but all other base metals fall

Stock levels of all base metals except lead dipped in Shanghai Futures Exchange-registered warehouses in the week to Friday October 30, with copper dominating the declines in percentage terms.

Blister copper RC up amid import policy change in scrap, anode

China’s spot refining charge (RC) for blister copper increased over October on lower buying appetite due to an expected inflow of scrap now that recyclable copper raw materials can be imported into the country from next week, sources said on October 30.