March 2023

LME base metal price moves a mixed bag as first quarter ends

Base metals prices on the London Metal Exchange closed the day, the week, the month and the first quarter in a mixed bag of results on Friday March 31.

Alumar alumina refinery to cut production by 25% for 10 days for conveyor repairs

The Alumar alumina refinery in Brazil is to cut production by 25% for about 10 days to conserve existing bauxite inventories while repairs are made to the unit’s materials transporting belt system, operator Alcoa said on Friday March 31.

Aluminium market hopeful that increased automotive production will boost demand

Rising automotive production could provide a boost to global aluminium demand after a quiet first quarter sources say, with participants also mulling possible impacts on the low-carbon market.

LME base metals decline amid profit-taking ahead of Q1 end

All three-month base metal prices on the London Metal Exchange fell during morning trading on Friday March 31, with zinc and copper posting the largest declines of 1.8% and 1.5% respectively.

LME nickel price drops 2.3%; remaining base metals little changed

Base metals prices on the London Metal Exchange were little changed at the 5pm close of trading on Thursday March 30, as the end of the month and the quarter approaches, with the exception of nickel, which closed at its lowest level in over a week.

Key talking points ahead of Fastmarkets' bauxite, alumina conference

The Key talking points across the aluminium raw material markets ahead of Fastmarkets’ annual Bauxite & Alumina Conference, taking place in Miami, US, on April 3-5.

LME base metals warrant report for March 29

A summary of the London Metal Exchange warrant premiums across the base metals in the fortnight ended Wednesday March 29.

LME base metal prices edge higher despite persistent macro-economic uncertainty

Base metal futures on the London Metal Exchange were marginally up during morning trading on Thursday March 30, despite lingering macro-economic uncertainty.

Chinese ADC 12 prices rise; MJP flat

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

Copper climbs above $9,000 per tonne; nickel falls 1.4%

Following a cautious opening, base metal prices on the London Metal Exchange were mostly positive at the close on Wednesday March 29, with copper closing above $9,000 per tonne for the first time since March 1.