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LIVE FUTURES REPORT 23/02: Copper continues upsurge, nickel falls below $19,500/t
For a fourth trading day in a row, copper’s three-month price on the London metal Exchange rose to a new year-to-date high on Tuesday February 23, while the rest of the base metals traded slightly lower than where they were on Monday, when they all reached fresh 2021 highs.
February 23, 2021
·
By the Fastmarkets team
Insights
MORNING VIEW: Base metals prices, boarder markets mixed amid cross currents
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates.
February 23, 2021
·
By William Adams
Insights
Chile’s Corfo files international arbitrage lawsuit against lithium producer Albemarle
Chile’s Corfo on Friday February 19 filed an arbitration process with the International Chamber of Commerce against United States-based lithium miner Albemarle for allegedly underpaying royalties on its lithium sales, Corfo confirmed to Fastmarkets on Monday February 22.
February 23, 2021
·
By Dalila Ouerghi
Insights
Brazil soybean harvest pace still at 10-year low on rain: Agrural
Curitiba-based Brazilian agriculture consultancy Agrural have called Brazil’s soybean harvest “the slowest in ten years” as...
February 22, 2021
·
By Timothy Worledge
Insights
MORNING VIEW: Base, precious metals prices up across the board with commodities in the driving seat
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up significantly across the board this morning, Monday February 22, with all base metals on the LME setting fresh multi- month or year highs.
February 22, 2021
·
By William Adams
Insights
Biden move vs UAE signals Section 232 support, Century Aluminum says
Century Aluminum sees United States President Joe Biden’s reinstatement of Section 232 tariffs on the United Arab Emirates (UAE) as a signal of his support for the tariff program implemented by his predecessor, an interpretation shared by many in the US aluminium market.
February 20, 2021
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By Michael Roh
Insights
Options bets up to $12,000 are fueling copper’s red-hot rise
Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal's price higher sooner than that.
February 19, 2021
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Insights
Tunisia books wheat, durum and barley as average prices drop
Tunisia’s state grain buyer booked 100,000 mt of milling wheat, 92,000 mt of durum and 125,000 mt of barley....
February 19, 2021
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By Alex Riabukha
Insights
MORNING VIEW: Base metals prices mostly firmer as weaker dollar provides support
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Friday February 19, on the back of expectations for stronger demand from a widespread recovery and due to the underlying momentum.
February 19, 2021
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By William Adams
Insights
CHINA STEEL SCRAP: Steelmakers look to restock after long holiday
Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources told Fastmarkets.
February 18, 2021
·
By Jessica Zong
Insights
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