Plans for a major battery metals recycling hub run by Glencore and Li-Cycle in Italy are likely to go ahead despite recent pushback from local authorities, sources told Fastmarkets this week

The Chinese government plans to lower the import thresholds for impurities contained in metals concentrates, indicating that the old standards are no longer practical, sources have told Fastmarkets

Despite concerns over the uncertainty of China’s economic recovery, base metals price forecasts remain mixed for aluminium, copper, lead, nickel, tin and zinc prices

Nickel prices on the London Metal Exchange had fallen by 4% at the 5pm close of trading on Friday March 25, after another week of disruptions.

The future of Glencore and Li-Cycle’s major Italian hub for the recycling of key battery metals could be under threat after a request to fast-track the project was rejected by the regional government of Sardinia, southern Italy, according to a Glencore spokesperson

Base metals futures on the London Metal Exchange gave an overall positive performance during the morning trading session on Monday November 14, with the metals mostly continuing their upward trajectory from the previous week

Static discounts for copper scrap remained prevalent in the US for most of 2023, while expectations of growth in the long term held