April 2020

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

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

Chilean Cu output to be cut by 73,300 t because of Covid-19, minister says

Copper production will be reduced by 73,300 tonnes in Chile this year due to the Covid-19 pandemic, the country’s minister of mining, Baldo Prokurica, said in a television interview on Thursday April 29.

Key takeaways from the latest Stainless Steels Tracker

The latest forecasts from Fastmarkets’ team of analysts is ready to view.

SHFE STOCKS REPORT 30/04: Base metals stocks fall for third week; copper slumps 10%

Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses all declined in the week ended Thursday April 30, with those for copper decreasing the most in percentage terms.

LIVE FUTURES REPORT 30/04: LME nickel price sinks 1.3% on low turnover; copper below $5,200

The three-month nickel price on the London Metal Exchange lost ground at the close of trading on Thursday April 30, closing at its lowest level in more than a week against thin turnover, while selling pressure pushed copper futures below nearby support levels.

ALUMINA SNAPSHOT: Liquidity surge from China pushes fob Australia index up to one-month high

Key pricing data from the pricing session for Fastmarkets’ alumina index, fob Australia on Thursday April 30.

BASE METALS WARRANT REPORT 29/04

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 29.

KAZ Minerals delays Aktogay copper expansion project, cuts capex

KAZ Minerals has delayed the start of production at its $1.2 billion Aktogay copper expansion project in Kazakhstan to late 2021, citing the impacts to its supply chain of the Covid-19 pandemic.

AT A GLANCE: Nornickel Q1 2020 copper output down 9%, nickel drops 7%

A summary of Russian multi-metal miner Nornickel’s production results for the first quarter of 2020.

LIVE FUTURES REPORT 30/04: LME copper price holds above $5,200/t; aluminium sinks below $1,500/t

The three-month copper price on the London Metal Exchange held on to support above $5,200 per tonne during morning trading on Thursday April 30, while a fresh cancellation of 10,000 tonnes did little to support aluminium futures prices.