May 2022

Five key stories from May 19

Here are five Fastmarkets stories you might have missed on Thursday May 19 that are worth another look.

LME announces changes to accountability levels in base metals

The London Metal Exchange has outlined in a notice to members that it has amended the accountability levels for several base metals, with the exchange examining its position-management arrangements.

Nickel soars 8% on dip-buying; tin, zinc rebound

Base metal futures on the London Metal Exchange were up across the board at the 5pm close on Thursday May 19.

Base metal warrants report for May 19

A summary of the London Metal Exchange warrant premiums across the globe for the week of May 18.

Energy efficiency, renewable technologies to help drive energy transition, US DoE exec says

The future of energy efficiencies and renewable energy technologies can be realized through execution of a long list of work in the drive to reduce greenhouse emissions, according to an executive at the United States Department of Energy (DoE).

China's GEM expands into Hungary for battery materials production, recycling

GEM has signed a cooperation memorandum with the Consulate General of Hungary in Shanghai for ternary precursor production and battery recycling in Hungary, the Chinese battery materials producer said on Tuesday May 17.

Horizonte starts construction at Araguaia ferro-nickel project

Horizonte Minerals is around two years away from completing construction at its Araguaia ferro-nickel project in Brazil after breaking ground at the site this week.

LME base metal futures edge up; tin gains 2%

Base metal futures on the London Metal Exchange were up across the board at the 9am open on Thursday May 19 following Wednesday’s sell-off.

Indonesia confirms ban this year on tin, bauxite exports - reports

The Indonesian government will ban exports of tin and bauxite this year as part of efforts to develop the domestic downstream metals sector, a minister said on Wednesday May 18, according to local media.

China’s stainless-steel prices still trending down amid weak demand

China’s stainless-steel prices continued dropping in both the domestic and export markets over the week ending Wednesday May 18, due to soft demand and a drop in the nickel price.