January 2022

LME aluminium prices fall; tin climbs 3%

The majority of the base metal prices on the London Metal Exchange closed down on Monday January 31, with only tin making gains.

Alumina pricing continues to climb on fresh trading

Key data from Fastmarkets’ alumina pricing session on Monday January 31.

Nexa appoints new Europe and Africa commercial manager

Nexa Resources will appoint Lucas Pires Darcie as the new Europe and Africa commercial manager, Fastmarkets heard on Monday January 31.

LME base metals futures mostly up, copper rises 1%

Base metals futures prices on the London Metal Exchange were largely up at the 9am open on Monday January 31, although the gains have been modest so far.

Five key stories from January 28

Here are five Fastmarkets stories you might have missed on Friday January 28 that are worth another look.

LME base metals end week on backfoot; copper at $9,500/t

Profit-taking featured during trading on the London Metal Exchange on Friday January 28, with all base metals closing lower compared with Thursday, but with aluminium and zinc holding on to their key psychological levels.

Copper conc TC/RCs rebound in holiday lull; eyes on Chile tax development

Smelters’ buying interest for copper concentrate was minimal ahead of the Lunar New Year holidays, when a large number of Asia-based smelters will be out of the market.

US investment in China's auto, electronics faces further scrutiny for national security, research says

Greater scrutiny put on by a proposed US security bill could force US firms to reduce or divest current assets in China, including auto and electronics manufacturing plants, a research firm said.

Zinc, lead TCs rise ahead of Lunar New Year; benchmark negotiations start

Zinc and lead treatment charges (TCs) were on the rise in the fortnight to Friday January 28 amid a range of headwinds stalling purchases in China, while negotiations for 2022 benchmark contracts are said to have started.

Cochilco keeps 2022 Cu price outlook at $3.95/lb, expects $3.80/lb in 2023

The Chilean copper commission, Cochilco, expects copper prices to average $3.95 per lb in 2022 and $3.80 per lb in 2023, it said on Thursday January 27.