October 2021

US A380.1 alloy price soars to all-time high

Secondary alloy prices in the United States climbed again sharply on Thursday October 28, with strong demand, low supply and soaring raw material prices, especially for silicon, combining to drive transactions higher.

Zinc, lead concs markets steady with trading quiet, trends unclear

Treatment charges for both zinc and lead concentrates on a cif China basis were steady over the two weeks to Friday October 29, with little trade in either market.

US mill-grade aluminium scrap prices drop, twitch up again

Mill-grade aluminium scrap prices declined week on week following decreases in primary aluminium prices on the London Metal Exchange, while the non-ferrous auto shred (twitch) price remained supported by solid export demand.

AT A GLANCE: Codelco Cu output up in Jan-Sept 2021, offsetting Chuquicamata fall, Andina strike

A summary of production figures and financial results for Chilean state-owned copper producer Codelco in the first nine months of 2021, as stated in its earnings report released on Friday October 29.

COPPER CONCS SNAPSHOT: TC/RCs tick up, smelter appetites return

Copper smelters returned to the spot market this week with treatment and refining charges (TC/RC) relatively stable.

LIVE FUTURES 29/10: China thermal coal intervention drives weekly aluminium losses

Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.

Alumina market turns bearish on aluminium price drop

The recent decline in aluminium prices stoked bearish sentiment in the alumina market, pushing prices down 5% on Friday October 29.

SHFE STOCKS REPORT 29/10: Stocks mixed; copper up by 23.8%, tin down by 22.1%

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 29, with copper registering the most gain in percentage terms and tin leading the declines.

AT A GLANCE: Nexa Resources Q3 zinc, copper, lead output down on lower grades, stoppages

A summary of Brazilian base metals producer Nexa Resources’ operational results for the third quarter of 2021, as shown in its earnings report published on Thursday October 28.

China’s nickel sulfate price steady; market sentiment cautious

China’s nickel sulfate price was unchanged in the week to Friday October 29, with minimal spot trading activity reported during the pricing period due to the weaker demand in the downstream precursor ternary market, Fastmarkets heard.