February 2021

Shanghai bonded aluminium stocks more than double in February; copper slips

Aluminium stock volumes in Shanghai bonded warehouses more than doubled in February 2021 on increased import activity due to a favorable arbitrage between London and Shanghai.

Vale lowers 2021 copper output forecast to 360,000-380,000 tonnes

Brazilian miner Vale has cut the forecast for its own copper production in 2021 to 360,000-380,000 tonnes, from 390,000 tonnes previously, because of new safety measures that could reduce machinery usage in its units, the company said on Thursday February 25.

NEW ENERGY MATERIALS MARKET REPORT 26/02: Chinese spodumene price surges on tight China supply

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

LIVE FUTURES REPORT 26/02: Zinc down 5%, tin falls $1,000 in month-end consolidation

All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.

AT A GLANCE: Codelco 2020 copper output up 2% on higher grades, processing rates

A summary of the financial results for Chilean state-owned copper producer Codelco in 2020, as stated in its annual earnings report released on Friday February 26.

COPPER CONCS SNAPSHOT: Index flat as bids become choppy

The spot market for copper concentrate was little changed in the week ended Friday February 26, despite a flurry of lower bids and offers.

LIVE FUTURES REPORT 25/02: Tin down 3%, copper drops 2%, LME complex falls on higher US Dollar Index [UPDATED]

London Metal Exchange metals prices were all lower on Friday February 26, following a spike in US 10-year Treasury bonds and a higher US Dollar Index.

SHFE STOCKS REPORT 26/02: Base metals inventories all rise; Cu climbs 31%

Deliverable base metals stocks at Shanghai Futures Exchange-registered warehouses all rose in the week to Friday February 26, with copper recording the largest gain in percentage terms at 31.2%, according to the exchange’s latest stocks report.

SPECIAL REPORT: Introducing Fastmarkets’ low-carbon aluminium differentials

Fastmarkets will publish its first low-carbon aluminium differentials for primary aluminium (P1020A) and value-added products in Europe on Friday March 5.

Mined zinc, lead output down in 2020 - ILZSG

Production of mined zinc and lead both declined in 2020 due to Covid-19-led restrictions in major supplying countries, the International Lead and Zinc Study Group (ILZSG) said on Thursday February 25.