January 2022

Chamberlain moves on after a near-decade in the LME trenches: Hotter on metals

Nobody ever wants to be the chief executive officer that goes down in history as permanently closing the London Metal Exchange open outcry floor. That undesirable title, should the situation arise, will now not go to its current head, Matthew Chamberlain.

Base metals on back foot after Thursday gains

Base metals prices on the London Metal Exchange were down across the board on the morning of Friday January 21, but this was after impressive across-the-board gains averaging 4% a day earlier.

Nickel, tin storm ahead while other metals generally firmer after brief consolidation

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mainly stronger on the morning of Thursday January 20. Aluminium was an exception, but nickel and tin roared higher.

Metals consolidate on broader market weakness, but most still upbeat

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed on the morning of Wednesday January 19 amid headwinds from stronger bond yields and weakness in equities.

Tin, nickel, aluminium extend gains, other metals consolidate

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were more up than down on the morning of Tuesday January 18, with tin, nickel and aluminium on the LME extending gains, while the other metals were consolidating.

LME nickel, lead prices upbeat; other base metals mixed with rallies paused

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed on the morning of Friday January 14, with only nickel and lead prices continuing to rise, while the rallies in the other metals seem to have paused.

Nexa cuts Vazante zinc mine output by 40% due to heavy rains in Brazil's Minas Gerais state

Brazilian base metals producer Nexa Resources has scaled back production at its Vazante underground zinc mine by 40% because of extreme, heavy rainfall in the southeastern state of Minas Gerais.

Base metals prices consolidate after strong Wednesday performance

Base metals prices on the Shanghai Futures Exchange and the London Metal Exchange were mixed on the morning of Thursday January 13, but this was after generally strong performances a day earlier when copper breached the $10,000-per-tonne level for the first time since October.

Base metals prices upbeat following last week’s dip buying

Base metals prices on the Shanghai Futures Exchanged registered strong gains on Wednesday January 12, building on the increases on the London Metal Exchange a day earlier. LME metals are having a mixed Wednesday morning, but they generally look upbeat, especially tin and nickel.

Holiday pricing schedule for 2022

Fastmarkets holiday pricing schedule for 2022 is available online.