April 2021

US Midwest aluminium premium climbs to new record high

The US Midwest aluminium premium jumped to a new all-time high on Friday April 30, with the US market struggling to attract much-needed imports while the freight and duty components of the premium have spiked as well.

US aluminium scrap prices rise despite auto slump

Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.

AT A GLANCE: Brazil's Paranapanema Q1 revenue up on higher copper prices, sales

A summary of Brazilian copper producer Paranapanema’s financial results for the first quarter of 2021, as stated in its earnings report published on Thursday April 29.

AT A GLANCE: Codelco Q1 copper output grows on higher grades, productivity

A summary of the financial results for Chilean state-owned copper producer Codelco in the first quarter of 2021, as stated in its earnings report released on Friday April 30.

China's spot blister RCs at 2.5-year high on ample domestic supplies, scrap inflows

China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.

LIVE FUTURES REPORT 30/04: LME tin, copper prices surge by 14% in April despite dimmer closing prices

While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30.

COPPER CONCS SNAPSHOT: TC/RCs at one-month high with buying consistently above $30 / 3c

Fastmarkets’ benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30.

ILZSG forecasts larger global refined zinc surplus this year of 353,000t

Global supply of refined zinc will exceed demand in 2021, widening the market surplus to 353,000 tonnes this year despite a global recovery in demand after the Covid-19 pandemic, the International Lead and Zinc Study Group (ILZSG) said.

NEW ENERGY MATERIALS MARKET REPORT 30/04: Asia hub battery-grade lithium prices continue to strengthen

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

AT A GLANCE: Nexa Q1 zinc output up; 2021 guidance cut on mine closures

A summary of Brazilian base metals producer Nexa Resources’ operational results for the first quarter of 2021, as stated in its earnings report published on Thursday April 29.