January 2023

Global aluminium premiums continue to diverge

Prices in the global aluminium markets continued to diverge in the week ended Tuesday January 31, with the US maintaining an upward momentum while Europe and Asia remained steady.

LME base metal futures mixed; aluminium reverses to close higher, nickel up 4%

Base metal futures on the London Metal Exchange were mixed at the 5pm close on Tuesday January 31.

LME base metals lower on Tuesday morning; tin down 3%

Base metals prices on the London Metal Exchange were lower in the morning session on Tuesday January 31, with tin down 3%.

Tight supply, robust demand for high purity aluminium keeps differential high

The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30.

Mixed picture in LME base metals as market slowly restarts after Lunar New Year

Changes in the three-month base metals prices on the London Metal Exchange showed a mixed picture at the 5pm close of trading on Monday January 30, with the price of tin making the only big move, falling by 3.3%.

Base metals mixed; China's return after Lunar New Year holiday has little impact

Base metal prices on the London Metal Exchange were mixed at the opening of trading on Monday January 30, with China’s return to the market not yet affecting the base metals complex.

LME base metals prices end the week on a downturn

Base metals price movements on the London Metal Exchange were all downward at the 5pm close of trading on Friday January 27, with tin sliding the furthest on the day.

Brazilian aluminium billet premium hits 20-month low

The Brazilian aluminium billet premium continued its long-lived downtrend and hit a 20-month low on Friday January 27, following a broader global bearishness and amid high inventories.

Conclusion of open consultation on calculation of averages on the Fastmarkets platform

Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.

Alumina index loses momentum despite ongoing disruption; Brazil differential ticks higher

Key data from Fastmarkets’ alumina pricing session on Thursday January 26.