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Rio Tinto U-turns on Tiwai Point aluminium smelter closure by extending ops to 2024
Rio Tinto’s New Zealand Aluminium Smelter (NZAS) in Tiwai Point will continue to operate until December 31, 2024 after reaching an electricity agreement with Meridian Energy, the producer said on Wednesday January 13.
January 14, 2021
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Insights
Brazil truckers invoke memory of 2018 amid Feb 1 strike action
The president of one of Brazil’s truck unions has warned in local media that upcoming strike action, scheduled for February 1...
January 14, 2021
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By Timothy Worledge
Insights
MORNING VIEW: Base metals prices looking tired again but potential $2tln relief package might change that
The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc.
January 14, 2021
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By William Adams
Insights
Russia’s ag ministry floats wheat, feed grain export tax increases
Russia’s agriculture ministry has proposed a €20/mt increase from March on a planned wheat export duty as the government...
January 13, 2021
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By Masha Belikova, Alex Riabukha
Insights
MORNING VIEW: Base metals prices consolidating below highs, above recent dips; all eyes on nickel
After strong gains on the London Metal Exchange on Tuesday January 12, when prices closed up with gains averaging 1.8%, prices were for the most part little changed this morning, with nickel the main mover.
January 13, 2021
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By William Adams
Insights
Egypt’s GASC cancels wheat tender as offers jump $30/mt
Egypt’s state grain buyer cancelled a tender to import milling wheat for February 18-March 5 shipment as traders...
January 12, 2021
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By Alex Riabukha
Insights
MORNING VIEW: Pullback in LME base metals runs into dip-buying
After further weakness in the base metals on Monday January 11, that saw the complex close down by an average of 1.5%, prices were up across the board on the London Metal Exchange this morning but those on the Shanghai Futures Exchange base metals prices were down across the board while they followed yesterday’s performance on the LME.
January 12, 2021
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By William Adams
Insights
Assmang declares force majeure on ferro-manganese production in South Africa
Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets this week.
January 12, 2021
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By Declan Conway
Insights
High wheat prices could force Russian gov to raise export tax: traders
Russian grain traders are expecting the government to raise export duties further in an attempt to slow the flow of wheat...
January 11, 2021
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By Masha Belikova
Insights
Queues at Istim warehouses in Port Klang fall to 20 days
Waiting times for aluminium at Istim warehouses in Port Klang, Malaysia, fell to just 20 days at the end of December, according to the London Metal Exchange’s latest queue report.
January 11, 2021
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Insights
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