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Copper: Antofagasta says water shortage in Chile will affect 2022 production
Chilean miner Antofagasta expects annual copper production for 2022 to be below last year's levels as operations continue to be affected by the country's longest drought in decades. The company, which has already seen 2021 copper production drop 1.7% to 721,500 tons,...
Tin: Indonesia has yet to issue permits to export the metal in 2022
Indonesia, the world's second-largest tin producer, has yet to issue permits to export the metal in 2022. Tin benchmark prices on the London Metal Exchange hit a record high of $42,830 a tonne on Wednesday amid rumors of a delay in Indonesia's issuance of export...
Nickel: LME highlights a limited market
The London Metal Exchange reported Wednesday that it was monitoring nickel prices, which have risen due to tight supplies, strong demand from electric vehicle battery manufacturers and large drawdowns on inventories. The backwardation (cash price>3-month price)...
Aluminum: NALCO’s aluminum ingot prices increase for third consecutive time
The National Aluminium Company Limited (NALCO) has increased the prices of aluminum ingots and products for the third time in a row, effective today, January 9. The company increased the price of aluminum ingots by $63/mt in a price range between $3019/mt and...