December 2021

LME base metal futures mixed, nickel declines 1.5%

Base metals futures on the London Metal Exchange were mixed at the 9am open on Thursday December 9, with macro forces such as the Omicron variant of COVID-19 continuing to cause price volatility.

Base metals prices mixed but overall still heading sideways

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Thursday December 9. This comes after a strong performance on the LME on Wednesday, when prices closed up by an average of 1.7%.

Five key stories from December 8

Here are five Fastmarkets stories you might have missed on Wednesday December 8 that are worth another look.

Lack of finance could constrain mining amid ESG concerns, IMF says

Insufficient financing for metals and mining investment due to growing investor focus on environmental, social and governance (ESG) considerations could constrain production and add to potential supply-chain bottlenecks, according to analysts at the International Monetary Fund (IMF).

Base metal warrants report for December 8

A summary of London Metal Exchange warrant premiums for the week to Wednesday December 8.

Lead, zinc rally at LME close; inventories remain low

Base metals prices on the London Metal Exchange were mostly higher at the close on Wednesday December 12, with lead rallying over 4%.

Sibanye-Stillwater buys stake in tailings retreatment firm New Century

Miner Sibanye-Stillwater has completed its acquisition of a 19.99% stake in New Century Resources Limited, which owns the Century tailings zinc retreatment operations in Queensland, Australia, the company said.

Spot copper markets in seasonal lull despite arbitrage gains

Copper spot markets worldwide have been quiet over the past week, with market participants focusing on finalizing long-term contracts by the year's end.

Umicore, Volkswagen to establish JV to produce EV battery materials

Belgian battery materials manufacturer Umicore and German automotive producer Volkswagen AG plan to establish a joint venture (JV) to build up electric vehicle (EV) battery precursor and cathode material production capacities in Europe to supply the latter’s European battery cell production, the company said on Wednesday December 8.

LME nickel maintains uptrend amid positive market

Base metals prices on the London Metal Exchange either held on to their prevailing levels or edged up in the morning of Wednesday December 8 on a number of segment-specific drivers.