April 2023

LME base metals prices pick up on Friday, but still end week lower

Base metals prices on the London Metal Exchange all inched higher from the previous day on Friday April 28, although this was not enough to erase the losses they made during the week.

Q2 MJP aluminium premium settles at $125-130/t

The premium for aluminium supply to main Japanese ports (MJP) for the second quarter of 2023 has been settled at $125-130 per tonne over the London Metal Exchange (LME) cash price, Fastmarkets heard on Friday April 28.

LME base metals warrant report for April 26

A summary of London Metal Exchange warrant premiums across the base metals in the fortnight ended Wednesday April 26.

Constellium, Renault's closed-loop aluminium recycling for new EV builds on sustainability targets

Aluminium producer Constellium intends to establish a closed-loop recycling process with carmaker Renault Group for its new electric vehicle, which will support the companies’ sustainability targets and help to establish more sustainable supply chains in the automotive sector.

SHFE base metal stocks mostly drop except tin; zinc leads decline

Deliverable stocks of most base metals in Shanghai Futures Exchange (SHFE)-registered warehouses dropped during the week to Friday April 28, with the exception of tin, while zinc registered the biggest decline in percentage terms, according to the exchange’s weekly stock report.

LME base metals continue downward trend

Three-month base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday April 28 amid downward pressure from macroeconomic headwinds from China and the United States.

Glencore beefs up industrial aluminium activities: Hotter Commodities

Glencore has started to beef up its aluminium business unit with the acquisition of stakes in bauxite and alumina assets.

LME base metals mixed following key data releases

Base metals prices on the London Metal Exchange were mixed at the 5pm close on Thursday April 27, with participants’ eyes on recent economic data releases.

Australian alumina, Atlantic differential constrained by lack of liquidity

Key data from Fastmarkets’ alumina pricing session on Thursday April 27.

East Asian LME aluminium warrant premium drops 70% on large inflows

Premiums for London Metal Exchange aluminium warrants in East Asia fell by more than 70% in the week to Wednesday April 26, with more units available, but fewer brands in the region, sources told Fastmarkets.