August 2021

IN CASE YOU MISSED IT: 5 key stories from August 31

Here are five Fastmarkets stories you might have missed on Tuesday August 31 that are worth another look

GLOBAL ALUMINIUM WRAP: Premiums up as bullishness beats backwardation

Aluminium premiums increased on Tuesday August 31 across the globe, with tight supply, an opened arbitrage window in China, and overall bullish sentiment providing market tailwinds and supporting all-time highs.

LIVE FUTURES 31/08: LME Al above $2,700/t, up 3% since start of August, lead down 6%

Aluminium's three-month price had the strongest growth in the complex this month, trading at $2,726.50 per tonne on Tuesday August 31, while most other prices on the London Metal Exchange were lower than on August 2.

LME to launch LMEpassport with aluminium on October 1

The London Metal Exchange’s new digital register for physical metals data, LMEpassport, will launch on October 1, starting with aluminium, the exchange announced on Tuesday August 31.

PEOPLE MOVES: Minmetals hires Rojas to develop copper concs blending

China’s biggest metals conglomerate, Minmetals, has hired Julio Cesar Rojas Ramirez to develop its copper concentrates blending business and the utilitization of its copper smelting capacity, Fastmarkets has heard.

LIVE FUTURES 31/08: Aluminium at highest since May 2011, nickel up 3.4% on LME

London Metal Exchange prices were mixed on the morning of Tuesday August 31, with aluminium and nickel leading on the upside due to tightening fundamentals but lead's three-month price under pressure.

MORNING VIEW: Base metals prices upbeat despite weak Chinese PMI data

Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday August 31, while those on the Shanghai Futures Exchange were more mixed.

IN CASE YOU MISSED IT: 5 key stories from August 30

Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.

Brazil's CBA acquires stake in wind farms to supply aluminium output

Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) acquired a 49% stake in two wind power generation assets from a joint venture by sister company Votorantim Energia and the Canada Pension Plan Investment Board (CPP Investments) for 59.56 million Reais ($11.4 million), the company said on Monday August 30.

Codelco signs early deal with two workers' unions at El Teniente mine

Chilean copper producer Codelco signed early labor deals valid until October 2024 with two trade unions representing workers at its El Teniente division, the state-owned company said on Saturday August 28.