London, February 2 2021 (Press Release) – Euromoney Institutional Investor PLC (“Euromoney”), the international information services provider of essential information to global and specialist markets, announces the acquisition of 100% of The Jacobsen, an agricultural Price Reporting Agency (“PRA”) that predominantly serves the US agricultural commodity markets. The acquisition expands Fastmarkets global presence in agriculture, building on our recent acquisition of AgriCensus in 2020.

Fastmarkets is launching low-carbon aluminium differentials to its existing European P1020 and value-added product (VAP) premium contracts in $ per tonne to meet market demand for a low-carbon aluminium pricing mechanism.

Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Chilean lithium producer Sociedad Quimica y Minera (SQM) shareholders have approved a plan to raise $1.1 billion through the sale of common stocks, the company said on Friday January 22 as part of its expansion plan across its product range, which includes lithium and other industrial chemicals.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside.

There were gains across the board for the London Metal Exchange base metals this morning, Wednesday January 20, with a weaker US Dollar Index and a firm commitment on further stimulus in the United States pushing copper and aluminium up by 1.2% and 1% respectively.

Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor.

Aluminium producer Rusal has partnered with Henan Mingtai Aluminium to deliver low-carbon aluminium products to meet growing market demand, it said on Tuesday January 19.

After an extended consultation period, Fastmarkets has decided to amend its discount assessment for No2 copper scrap imported into China so that it is aligned with the country’s new import policy for such material.

Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process.