January 2021

ZINC CONCS SNAPSHOT: TCs flat at low levels, miners offer big tonnes to market

Treatment charges for spot market zinc concentrates were flat from one assessment to the next at low levels in the first half of January, with smelters and traders weighing seemingly limited short-term availability against expectations of a mined abundance later this year.

LIVE FUTURES REPORT 18/01: LME aluminium price dips on 112kt delivery; tin up 0.6%

The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18.

Mining resumes in Vedanta's Gamsberg zinc operation after two months

Mining at Vedanta Zinc International's South African zinc mine in Gamsberg has resumed after a two-month shutdown following a landfall at the project in November.

Britannia Global Markets to ascend to Cat 2 on LME in February

Britannia Global Markets’ application to become a category 2 broking member of the London Metal Exchange has been approved by the exchange, its parent company said on Monday January 18.

LIVE FUTURES REPORT 18/01: Mixed start to the week for LME base metals

LME base metals prices had a mixed start on the morning of January 18, despite positive economic data coming out of China, with copper and nickel rising but zinc falling, capped by a high US Dollar Index.

MORNING VIEW: Base metals prices supported by strong data out of China

The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter.

LIVE FUTURES REPORT 15/01: Zinc falls 2%; Copper drops below $8,000/t

The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.

Trevali to restart Caribou mine on improved zinc pricing

Zinc producer Trevali will restart its mothballed Caribou mine in the Canadian province of New Brunswick after implementing “operational and commercial enhancements,” the company has announced.

Annual zinc premiums for Europe fall on wavering demand, weaker dollar

Annual zinc ingot supply contracts in Northern Europe and Italy have been negotiated for 2021 at markedly lower premiums than in previous years.

SHFE STOCKS REPORT 15/01: Most base metals inventories fall; zinc up 23.3%

Most base metals recorded a decrease in inventory levels in Shanghai Futures Exchange-registered warehouses in the week to Friday January 15, with the exception of zinc and aluminium.