IN CASE YOU MISSED IT: 5 key stories from May 24

Here are five Fastmarkets MB stories you might have missed on Friday May 24 that are worth another look.

The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors sought to cover shorts ahead of the next week’s bank holiday in the United Kingdom.

Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, the Chilean state-owned miner said, despite operational changes and sector headwinds.

Fastmarkets’ assessment of the tin warrant premium available on the LME climbed by more than 60% on Tuesday, reaching its highest level on record amid a flurry of higher-quality stock inflows.

Jiangxi Copper International Trading Co Ltd president Su Li has stepped down from his role, multiple sources with direct knowledge of the matter confirmed.

Belgian battery materials manufacturer Umicore SA has reached an agreement with Freeport Cobalt to acquire the latter’s cobalt refining and cathode precursor business at the Kokkola refinery in Finland.

What to read next
Fastmarkets has clarified the specifications of its copper grade A cathode and non exchange-deliverable equivalent-grade (EQ) copper cathode premiums, to avoid any confusion regarding the deliverable status of its copper cathode assessments.
The three-month copper price on the London Metal Exchange has slumped significantly since hitting an all-time high of $11,104.50 per tonne on Monday May 20
Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday, May 15.
Could the copper market bullish marathon be taking a mini break? Fastmarkets senior analyst Andy Farida looks at London Metal Exchange copper price movements.
Global copper futures prices are in a frenzy, with record highs being logged on the New York-based Commodity Exchange (Comex), London Metal Exchange and Shanghai Futures Exchange (SHFE) in recent days
Copper prices have pushed up on global metal exchanges in recent weeks and the London Metal Exchange three-month copper price hit an all-time high on Monday May 20, but what are the key reasons behind the record-breaking surge in prices?