August 2023

Malaysia looks for more non-ferrous scrap imports despite fierce restrictions, competition: MRAI Bangkok

Malaysia is hoping to reassert itself as a large importer of non-ferrous scrap in the coming years despite tighter trade restrictions and strong competition from China for higher-grade materials, Fastmarkets has heard.

LME base metals prices under pressure; awaiting Fed speech

Base metals prices on the London Metal Exchange were under pressure at the 5pm close on Thursday August 24, with participants awaiting the US Federal Reserve update on Friday August 25.

LME base metals prices drop on recent dollar strength

Base metal prices on the London Metal Exchange were down across the board during morning trading on Thursday August 24, while the market awaits further direction from the United States monetary policy update later in the week.

Lead, aluminium buck uptrend in SHFE base metal prices

Base metal prices on the Shanghai Futures Exchanges largely maintained their upward momentum during the morning trading session on Thursday August 24, with the exception of lead and aluminum.

LME base metals prices close higher; nickel up 2.2%

London Metal Exchange three-month base metals prices were higher across the board at the 5pm close on Wednesday August 23, with nickel, lead and zinc gaining 2.2%, 1.6% and 1.7% respectively.

Launch of additional European aluminium diecasting ingot price assessments: pricing notice

Fastmarkets will launch two weekly assessments of spot prices for European aluminium pressure diecasting ingot, DIN 230 and DIN 239, sold on a delivered basis in euros per tonne, every Friday.

ADC12 plays key role for Chinese aluminium sector's low-carbon goals

The development of the secondary aluminium ingot alloy (ADC12) industry is crucial for the aluminium sector to achieve its low-carbon goals, market participants at an industry conference in China over August 17-18 concluded.

LME base metals prices edge higher; copper recovers above $8,400/t

Base metals prices on the London Metal Exchange mostly edged higher during morning trading on Wednesday August 23, with tin bucking the trend.

SHFE base metal prices continue to get boost from macro stimulus

Base metal prices on the Shanghai Futures Exchanges mostly rose during the morning trading session on Wednesday August 23, with China’s domestic market continuing to get a boost from the Chinese government most-recent stimulus.

Weak global demand continues to pressure aluminium premiums worldwide

Primary aluminium premiums in key global regions were mainly unaltered in the fortnight ended Tuesday August 22, but some markets' premiums were dropping due to low demand, Fastmarkets has learned.