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US copper scrap prices hold ahead of Thanksgiving holiday
Copper scrap discounts in the United States continued to be steady in the week to Wednesday November 22, with sources noting little changes week on week ahead of the Thanksgiving holiday.
November 23, 2023
·
By Kirstyn Petras
Insights
What’s ahead for base metals prices?
Aluminium price on China’s economy Range-trading has characterized the LME aluminium price as the decline since the start of October attempts to stabilize. At the beginning of the year, market participants had overestimated China’s ability to stimulate its way out of the Covid-lockdown era, putting too much emphasis on a fast and robust recovery. However, as China’s economic […]
November 8, 2023
·
By the Fastmarkets team
Insights
US Midwest low-carbon aluminium differentials at zero; interest grows
Fastmarkets assessed its new aluminium low-carbon differential P1020A, US Midwest at zero on Friday November 3. The assessment for the aluminium low-carbon differential for value-added product, US Midwest, also was at zero on Friday. Fastmarkets aims to bring transparency to the market with its new low-carbon aluminium differentials. “We are getting lots of questions about carbon […]
November 6, 2023
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By Yasemin Esmen
Insights
Indonesia to account for more than 70% of global nickel supply in next five years: LME Week
Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country
October 17, 2023
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By Laura Roberts
Insights
‘Unprecedented’ period for commodities sees base metals under pressure: LME Week
The base-metals commodity markets are going through an “unprecedented” period, Saad Rahim, chief economist at global trader Trafigura, said at the London Metal Exchange’s own metals seminar which started the 2023 LME Week event in London on Monday October 9
October 17, 2023
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By Laura Roberts
Insights
Share of Russian, Chinese nickel in LME warehouses grows amid weaker demand
Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023
October 16, 2023
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By Callum Perry
Insights
Aluminium prices bullish outlook, will it last into 2024?
The aluminium market is experiencing a bullish sentiment, with rising prices. As we reach the end of the financial year, aluminium buyers are left wondering if this trend will last
October 12, 2023
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By the Fastmarkets team
Insights
Copper prices, capital costs driving project decisions, Freeport says: LME Week | Hotter Commodities
The price of copper and capital costs will be central to Freeport-McMoRan’s decision on the timing of an expansion at its Bagdad copper operation in the US state of Arizona, the president of the US producer told Fastmarkets
October 11, 2023
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By Andrea Hotter
Insights
China copper premium rises after holiday; US premium faces pressure: LME week
China’s premium for copper cathode imports increased after the country’s golden week holiday from September 29 to October, supported amid favorable import conditions, while the premium in the US copper market came under pressure due to excess supply, sources said
October 11, 2023
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By Sally Zhang, Orla O'Sullivan
Insights
LME trialing VWAP expansion ahead of January launch, CEO says: LME Week | Hotter Commodities
The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets
October 9, 2023
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By Andrea Hotter
Insights
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