Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.

China’s granting of the first export licenses under its new controls on gallium and germanium, hafnium’s paused price increase and indium metal market fundamentals are likely to be topics of discussion throughout LME Week, which runs October 9-13

The heads of 40 metals companies and a number of industry associations have called on European Union leaders to take emergency action to temporarily reduce gas prices in order to alleviate costs and help continued production at their sites

Brazilian capital goods, construction and steel packaging industry groups are against a request from steel mills for the country to raise its steel import duties to 25%, already predicting rising costs in each sector if an increase is greenlit

Most prices on the London Metal Exchange can expect more upside this year amidst a range of tailwinds, with aluminium, zinc and nickel particularly poised for further peaks given metal-specific dynamics, analysts at Sucden Financial told Fastmarkets.

Global multi-metal miner and trader Glencore intended to build an “unrivaled” copper business through a proposed takeover of Canadian miner Teck Resources

Availability and the costs of trucking are now starting to significantly impact the flow of material in continental Europe, putting pressures on supply chains and keeping base metals premiums elevated, participants have told Fastmarkets

The build-up of Shanghai bonded copper stocks continued in April, albeit at a slower pace, with restrictions to prevent the spread of Covid-19 disrupting logistics, particularly earlier in the month

Fastmarkets analysts are forecasting an increase in prices across the base metals complex by the end of 2023. Copper and nickel prices are expected to be the best performers next year and to show large increases by the end of 2023, with the speed of this growth heavily dependent on China’s economic recovery

Fastmarkets used the London Metal Exchange base metals prices at 9:41am London time for the arbitrage calculations on Monday May 23, because there was no data available at 8:00am due to a system error.