January 2021

COPPER CONC SNAPSHOT: TC/RC index sinks below $40/4 cents for first time as buying heat continues

Copper concentrate treatment and refining charges (TC/RCs) continued to drop toward the end of January as smelters cover cargoes that look to be delayed from Chile and Peru.

NEW ENERGY MATERIALS MARKET REPORT 29/01: Standard-grade cobalt at a premium to alloy-grade material

An overview of the new energy materials markets and their price moves from the past week.

LIVE FUTURES REPORT 29/01: Tin up 1.5% over week, macro concerns depress other prices

Tin’s forward price rose by 1.5% in the week ended Friday January 29, while the rest of the base-metals complex on the London Metal Exchange, nickel and zinc in particular, showed lower prices than on Monday.

Shanghai-bonded nickel stocks fall 16.5% in Jan; aluminium inventories surge

Nickel stocks in Shanghai-bonded warehouses fell in January amid increased import activity due to a favorable arbitrage between London and Shanghai after China cut its provisional import tax on non-alloyed nickel from the beginning of the year.

SHFE STOCKS REPORT 29/01: Tin inventories up 22%, lead down 14%

Base metals inventories, with the exceptions of lead and copper, were reported to be higher in Shanghai Futures Exchange-registered warehouses in the week to Friday January 29, with tin up by the most in percentage terms, rising by 22.1% over the past week.

LIVE FUTURES REPORT 29/01: LME nickel, lead down 1%; tin continues to rise to new 2021 highs

Tin continued its advance to new 2021 highs in morning trading on the London Metal Exchange on Friday January 29, while the rest of the complex weakened slightly from Thursday, with nickel and lead’s forward prices dropping by 1%.

Zinc price drops to three-month low after ‘shadow stocks’ hit market

The arrival of around a quarter of a billion dollars of zinc into London Metal Exchange warehouses this week has dented the metal’s price prospects, confirming analysts’ view of a well-supplied market.

Escondida, Collahuasi copper conc shipment delayed due to swells

Copper concentrate shipments from major Chilean copper mines including Escondida and Collahuasi have been delayed for two to three weeks due to high waves along the coastline in January, Fastmarkets learned.

MORNING VIEW: Base metals prices mixed, with downside bias; broader markets under pressure

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.

GM to go fully electric by 2035, carbon neutral by 2040

General Motors (GM) plans to transition its entire light-duty vehicle fleet to electric vehicles (EVs) by 2035, bringing an end to its production of gasoline- and diesel-powered vehicles. The automaker aims to go carbon neutral by 2040.