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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Xia Juncheng has become the chief executive officer of Chinese lithium producer Tianqi with effect from Saturday January 16, according to a filing to the Shenzhen Stock Exchange.
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.
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were once again mixed this morning, Wednesday January 20, but the likelihood of plentiful US fiscal stimulus in the days ahead is likely to underpin markets at least for a while, although any new measures to tackle Covid-19 may well become a headwind.
Hot-rolled coil prices in the United States held steady while buyers continued to struggle in their quest for spot tonnage at the domestic mills.
Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor.
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect.
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