LIVE FUTURES REPORT 25/01: Tin sets new 2021 high; aluminium rises despite 84,000t cancellation, rising dollar

Tin’s forward price reached a new year-to-date high on the London Metal Exchange on Monday January 25, while other prices were mixed despite a slight rise in the United States dollar index throughout the day.

25 January 2021 Ana de Liz

Chinese copper buyers continue to switch to high-purity scrap

Chinese copper importers have continued to favor top quality copper scrap this month to avoid the rejection risk under a new import policy of birch/cliff cargoes, which are traditionally more popular in the country, market sources said.

25 January 2021 Julian Luk

Annual RCs for bulk of blister copper 2021 contracts rise

Annual refining charges (RC) for blister copper have increased from a year ago for the majority of contracts concluded recently.

25 January 2021 Julian Luk

LIVE FUTURES REPORT 25/01: Gains of over 1% for LME tin and lead on low dollar, dip-buying

Tin and lead’s forward prices on the London Metal Exchange had the biggest gains of Monday January 25, with the prospect of a Covid-19 economic stimulus being passed in the United States overshadowing concerns over the extension of lockdowns elsewhere in the world.

25 January 2021 Ana de Liz

MORNING VIEW: Base metals prices mainly upbeat as dips continue to be bought

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer on Monday January 25, after having dipped on Friday – optimism over US President Joe Biden’s $1.9 trillion fiscal stimulus plan was outstripping the worrying news about the new Covid-19 cases in China.

25 January 2021 William Adams

IN CASE YOU MISSED IT: 5 key stories from January 22

Here are five Fastmarkets stories you might have missed on Friday January 22 that are worth another look.

25 January 2021 Fastmarkets MB staff

Capstone targets 40% higher copper production

Bolstered by historically low treatment charges (TCs) for copper concentrates and a strong base price for the red metal, Canadian producer Capstone Mining aims to be debt-free in 2021 and to hit 200 million pounds of copper production in 2022.

22 January 2021 Rijuta Dey Bera

LIVE FUTURES REPORT 22/01: Tin up 3.4%, lead up 2.5% in week of Biden boost but rising Covid-19 worries

The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.

22 January 2021 Ana de Liz

COPPER CONCS SNAPSHOT: China smelters continue to snap up March cargoes

The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago.

22 January 2021 Archie Hunter, Julian Luk

Vedanta seeks copper rod sales partner in Europe

Base metals producer Vedanta Resources is seeking a sales partner in Europe to sell the copper rods produced at its Fujairah Gold venture in the United Arab Emirates (UAE), it said.

22 January 2021 Justin Yang