January 2021

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.

Aqua Metals in lead recycling partnership with BASF

Lead recycler Aqua Metals has partnered with German chemical company BASF to supply electrolyte, cooperate commercially, and explore technical improvements to enhance the performance of the US company’s lead recycling technology, AquaRefining.

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.

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.

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.

LIVE FUTURES REPORT 22/01: Nickel down 1.5%; LME complex deflates after Biden bounce

The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the ‘Biden bounce’, even as the dollar continued to weaken.

MORNING VIEW: Base metals prices pull back as markets generally take a breather

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.

LIVE FUTURES REPORT 21/01: LME tin price hits 2014 high; aluminium, nickel gain on weaker dollar

Tin’s forward price on the London metal Exchange rose to near seven-year highs above $22,000 per tonne on Thursday January 21 and aluminium and nickel posted gains just short of 1%, supported during trading by a weaker dollar index.

Aurubis raises FY2021 earnings forecasts on higher copper prices, scrap RC expectations

Aurubis expects high copper prices and consequent availability of scrap metal to boost its earnings for its 2021 financial year beyond previous forecasts, it said in a release to investors on Thursday January 21.

LME proposes warrant holding limits, stock reporting portal to manage market conduct

Hidden under the big headline of the ring closing, the London Metal Exchange’s recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes.