Economic and policy experts at aluminium, steel and scrap trade associations are hopeful about demand and policy prospects in 2021, but remain wary about potential problems that could still arise from the Covid-19 pandemic.

Peruvian copper and zinc production fell year on year in January, partially erasing the recovery seen in the fourth quarter of 2020, according to data published by the ministry of energy and mines, Minem, on Thursday March 11.

The United States’ transition to new energy will require increased domestic mineral production, Energy Secretary Jennifer Granholm said on Tuesday March 9.

Trafigura’s warehousing and logistics arm, Impala Terminals, has launched a certified carbon-neutral freight service allowing its customers to offset their indirect greenhouse gas (GHG) emissions by financing carbon projects worldwide.

The three-month nickel price on the London Metal Exchange fell to $15,910 per tonne during morning trading on Tuesday March 9, while the aluminium price slid by 1%, with consolidation mode still in force across the complex as a number of macroeconomic factors affect sentiment.

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment.

Base metals prices on the London Metal Exchange were weaker this morning, Monday March 8, but prices on the Shanghai Futures Exchange were mainly stronger while they caught up with the gains on the LME on Friday.

Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.

Fastmarkets has corrected its price assessment for the aluminium 6063 extrusion billet premium, in-whs dp Rotterdam, which was published incorrectly on Friday February 26 due to a reporter error.

Following market consultations, Fastmarkets RISI will discontinue the monthly price assessment for China Uncoated Woodfree Reels (mixed wood/nonwood pulp) in PPI Asia, with effect from March 2021. The discontinuation is due to a substantial decrease in the availability of the grade in China. The last assessment was published on February 26, 2021. Fastmarkets RISI consulted […]