November 2023

LME base metals mostly down after weak economic data from China

Three-month London Metal Exchange base metal prices were mostly down at the 5pm close on Thursday November 30, with nickel posting the most dramatic decline, falling 2.8% and losing gains made over the previous two days.

MJP Aluminium ADC12 prices track base metals higher; Chinese prices lower on bearish outlook

Key market data from Fastmarkets’ weekly aluminium alloy pricing session in China on Wednesday November 29.

Henan Sunho, CSMET to supply low carbon aluminium to BBA

BMW Brilliance Automotive (BBA) signed memorandums of understanding on creating a green, low-carbon aluminium supply chain with Chinese aluminium producers Henan Sunho and CSMET New Material Group (CSMET) earlier in November.

Weak Chinese PMI data forks SHFE base metal price movement

Base metal prices on the Shanghai Futures Exchange (SHFE) movements were evenly split during morning trading session on Thursday November 30 after China’s manufacturing purchasing managers index (PMI) data was released on the same day.

LME base metal prices broadly stable; rises for nickel, tin

Changes in three-month base-metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday November 29, with only nickel and tin showing marginal gains.

Initial Q1 2024 MJP offer at $95/t kicks off negotiations

Negotiations for the supply of aluminium cif main Japanese ports (MJP) in the first quarter of 2024 have kicked off with an initial producer offer at a premium of $95 per tonne, market participants told Fastmarkets.

EGA starts construction of UAE's biggest aluminium scrap processing plant

Emirates Global Aluminium (EGA) has begun construction work on the biggest aluminium recycling plant in the United Arab Emirates, Fastmarkets understands.

Europe, US aluminium premiums stumble but China rates improve

Aluminium premiums in Europe and US declined in the week to Tuesday, November 28 under pressure from sluggish global demand but rates in China rose amid improved import opportunities.

LME base metals mostly lower on Wednesday morning

The three-month prices on the London Metal Exchange were mostly lower across the base metals complex on the morning of Wednesday November 29, with nickel shedding all of its recent gains.

SHFE nickel rebounds amid mixed base metal price movements

Nickel contract prices on the Shanghai Futures Exchange (SHFE) during morning trading on Wednesday November 29, following an over 4% price plunge two days prior.