August 2021

IN CASE YOU MISSED IT: 5 key stories from August 5

Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.

HOTTER ON ENERGY TRANSITION: US EV goals crank up supply chain competition

US President Joe Biden has unveiled plans make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid or fuel cell electric vehicles (EVs).

AT A GLANCE: Glencore H1 revenue rises by 32% as commodities prices surge

A summary of Glencore’s financial results for the first half-year of 2021, released on Thursday August 5.

MORNING VIEW: Base metal prices sluggish on summer slowdown

Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.

IN CASE YOU MISSED IT: 5 key stories from August 4

Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.

US stainless scrap prices said near ceiling

While 300-series stainless scrap prices in the United States continued to inch higher on strong nickel prices, a correction in the domestic ferrous scrap market has limited growth for 400-series prices, and participants indicated the stainless scrap market could be nearing a peak.

BHP close to completion of world’s largest nickel sulfate plant

Global commodities producer BHP’s nickel sulfate plant in Australia is nearing completion and is now at the commissioning stage, BHP Nickel West asset president Eduard Haegel said on Tuesday August 3.

BASE METALS WARRANTS REPORT 04/08

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4

LIVE FUTURES 04/08: Mild decreases for most LME metals amid low volumes

London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.

GLOBAL NICKEL WRAP: Premiums unchanged; bullish global outlook

Nickel premiums remained largely unchanged across all markets in the week to Tuesday August 3 due to the summer slowdown, but the outlook for the next quarter looks bullish, sources told Fastmarkets.