November 2021

Capstone Mining, Mantos to combine, create Capstone Copper

Capstone Mining Corp and Mantos Copper (Bermuda) Limited have entered into a definitive agreement to combine to create Capstone Copper Corporation, the companies said.

Global aluminium premiums mixed; LME spreads in backwardation

Aluminium premiums were mixed globally, with premiums in China and the Unites States falling, while other regions were mostly unchanged.

Spotlight on Omicron Covid-19 variant sees copper, aluminium, nickel prices down on LME

Base metals price movements on the London Metal Exchange were mixed at the 5pm close of trading on Tuesday November 30, with copper down by more than $100 per tonne.

Battery sector growth to drive long-term rise in nickel demand, Nornickel says

Demand for nickel from the battery industry is set to more than double in the medium term, according to Nornickel vice president of sales and distribution Anton Berlin.

LME base metal futures mixed amid Omicron variant concerns

Base metal futures on the London Metal Exchanged were mixed at the 9am open on Tuesday November 30 due to increasing concerns about the Covid-19 Omicron variant.

Metals volatile amid uncertainties over Omicron Covid-19 variant

Most base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were weaker during the morning of Tuesday November 30, with drugmaker Moderna warning that Covid-19 vaccines were unlikely to be that effective against the Omicron variant of Covid-19.

Inner Mongolia's Erenhot city halts border operations over Covid-19 concerns

Import operations at the railway port of Erenhot, a city in China’s Inner Mongolia autonomous region that borders Mongolia, have been suspended to stop the spread of Covid-19 via imported cargoes.

Five key stories from November 29

Here are five Fastmarkets stories you might have missed on Monday November 29 that are worth another look.

Vale lowers copper, nickel output guidance for coming years

Brazilian miner Vale has reduced its production guidance for copper and nickel in the coming years, following a few disruptions and maintenance downtime in 2021, the company said on Monday November 29.

Lead to still have role as lithium-ion battery growth escalates, Aqua Metals says

Lead-acid batteries (LABs) will continue to coexist with their lithium-ion counterparts for the time being, although growth in the latter will rapidly escalate in the coming years, the president and chief executive officer of Aqua Metals said.