May 2022

Five key stories from May 16

Here are five Fastmarkets stories you might have missed on Monday May 16 that are worth another look.

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.

Battery recycler Hydrovolt begins commercial recycling operations

Hydrovolt – a joint venture between Norwegian-based aluminium and energy company Hydro and European battery-cell producer Northvolt – has begun commercial recycling operations at its Fredrikstad plant in Norway, the company announced on Monday May 16.

China's battery raw materials supply chain struggling to recover from pandemic despite government support

Participants in China's battery raw materials market are still struggling to recover from the latest Covid-19 outbreak in the country and the related lockdown measures imposed to prevent further spread of the virus, market sources have told Fastmarkets.

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.

China’s nickel sulfate prices drop amid weak demand

Nickel sulfate prices in China fell in the the week to Friday May 13, amid low activity in the spot market and weak demand from downstream buyers, sources told Fastmarkets.

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%.