November 2023

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.

UK to 'consider all scenarios' before imposing tariff on electric vehicle imports

The UK government’s Department for Business and Trade (DBT) will consider all scenarios before a 10% import tariff on electric vehicles and their battery materials comes into effect on January 1 next year, it told Fastmarkets on Wednesday November 29.

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.

UK High Court rules in favor of the LME over canceled nickel trades

The UK High Court has ruled in favor of the London Metal Exchange in a court case focused on its decision to cancel nickel trades on March 8, 2022, in its ruling delivered on November 29.

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.

First Quantum declares force majeure, production suspension at Cobre Panama following Supreme Court ruling

First Quantum Minerals Ltd. has declared force majeure on supplies of copper concentrates from its Cobre Panama mine, several receivers of the company’s copper concentrates told Fastmarkets on Wednesday November 29.

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.

MSP aims to offer critical mineral financing solutions: panel

Access to financing is crucial to the success of international partnerships in the critical minerals space, including members of the Mineral Security Partnership (MSP), according to Canadian and Australian officials at the Critical Minerals Association (CMA) conference in London on Monday November 27.

LME base metals prices mostly reverse earlier losses, nickel up 4.3%

The three-month price of nickel on the London Metal Exchange had jumped by 4.3% by the 5pm close of trading on Tuesday November 28, but the other base metals showed much smaller changes on the day.

Western Australia eyes CAM production; state broadens critical minerals strategy: minister

Western Australia (WA), Australia’s largest state, will evaluate the possibility of developing cathode active materials (CAM) production once precursor CAM (pCAM) output is up and running, Bill Johnston, the state’s Minister of Mines and Petroleum, told Fastmarkets.