May 2022

China delays carbon market expansion into metals

China has postponed the expansion of its carbon market into other energy-intensive industries such as metals due to “poor quality” data, local media reported last week.

LME base metals hold onto gains; only nickel closes lower

Base metals on the London Metal Exchange held onto their gains at the 5pm close on Monday May 16, with nickel the only metal in the complex to close lower.

LME base metals prices recover, but nickel drops 1.8%

Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday May 16, with nickel the exception.

Five key stories from May 13

Here are five Fastmarkets stories you might have missed on Friday May 13 that are worth another look.

LME copper price regains some ground; but tin down 15% this week

Base metals price movements on the London Metal Exchange were mixed at the close of trading at the end of the week on Friday May 13.

Nexa halts Atacocha zinc-lead unit in Peru amid protests

Base metals producer Nexa Resources decided to halt activities of the San Gerardo open-pit zinc-lead mine at its Atacocha unit, in central Peru, because of road blockades that have been hindering access to the facility, the Brazil-headquartered company said on Thursday May 12.

LME opens consultation on OTC position reporting, accountability levels

The London Metal Exchange has opened a consultation on proposals that it believes would further enhance its visibility in over-the-counter (OTC) markets, it announced on Friday May 13.

SHFE base metals stocks diverge; nickel down by 27.4%

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses diverged into two camps in the week ended Friday May 13, with nickel falling the most in percentage points, by 27.4%, and tin topping the increase at 44.1%.

LME tin continues to fall in morning trade; nickel drops 2%

The three-month tin price continued to fall during morning trading on the London Metal Exchange on Friday May 13, following a steep decline a day earlier.

LME base metal futures sold off; tin falls 5.6%

Base metal futures on the London Metal Exchange mostly fell steeply at the 5pm close amid a broad base sell off across the complex, mirroring activity in equity markets due to persistent macro-economic headwinds.