December 2020

Brazil sets 2021 aluminium import quota at 262,000 tonnes

Brazil’s duty-free import quota for unalloyed aluminium for 2021 will be 262,000 tonnes, as decided by the executive management committee (Gecex) of the foreign trade chamber (Camex) on Monday December 21.

LIVE FUTURES REPORT 22/12: Nickel down 1.6%; LME complex falls on Covid-19 variant fears

Nickel’s three-month price on the London Metal Exchange was down by 1.6% during morning trading on Tuesday December 22, with the rest of the complex mostly trading lower given the spread of a new variant of Covid-19 across Europe.

MORNING VIEW: Metals prices generally weaker as Covid-19 takes center stage again

Base metals prices on the Shanghai Futures Exchange were down across the board this morning, Tuesday December 22, as were most of the metals on the London Metal Exchange, with the exception of tin.

LIVE FUTURES REPORT 21/12: LME lead price falls 3.9%; profit-taking hits base metals

Base metals prices on the London Metal Exchange were down across the board at the close on Monday December 21 amid broad-based profit-taking.

LIVE FUTURES REPORT 21/12: LME prices retreat from 2020 highs; aluminium drops 1.4% on 30kt delivery

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday December 21, consolidating from their recent year-to-date highs.

IN CASE YOU MISSED IT: 5 key stories from December 18

Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.

EUROPEAN ALUMINIUM INGOT 226 SNAPSHOT: Scrap shortages propels ingot price to 5-year high

Key data from Fastmarkets’ pricing session in Europe on Friday December 18, during which the European aluminium pressure diecasting ingot, DIN226/A380 price climbed to its highest level since August 2015.

ALUMINIUM BILLET WRAP: Increased logistics costs, strong fundamentals boost premiums

Aluminium billet premiums in the United States, Europe and Asia rose on Friday December 18, with strong fundamentals supporting the increases.

LIVE FUTURES REPORT 18/12: Copper, tin reach new 2020 highs

Copper and tin set further year-to-date highs during trading on Friday December 18, with the LME base metals complex in high ground in anticipation of a US economic stimulus package.

Rusal says Deripaska allegations are ‘totally false, groundless and untrue’

Rusal has strongly denied claims that it violated the terms of its agreement with the US Office of Foreign Assets Control (OFAC) to reduce Russian billionaire Oleg Deripaska’s influence over the aluminium producer.