James McKeigue

Dec 12, 2024 | fastmarkets.com | Sayaka Kurata |James McKeigue

This consultation, which is open until February 28, 2025, looks to ensure that our methodologies continue to reflect the physical market with respect to impending EU regulations.

Nov 14, 2024 | fastmarkets.com | James McKeigue

This consultation sought to ensure that our methodologies continue to reflect the physical market for our audited physical markets for alumina, aluminium, cobalt, copper, lithium, spodumene, graphite and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Oct 30, 2024 | fastmarkets.com | James McKeigue |Natasha Porter

The headline figures showed yet another decline in Glencore’s nickel production. In the first three quarters of 2024, the company produced 62,300 tonnes of nickel, down by 8.92% from the 68,400 tonnes produced over the corresponding period in 2023. The reason for the fall was the continuing consequences of the company’s decision to put the Koniambo nickel mine in New Caledonia into care and maintenance. This decision was taken in February so it will weigh on the 2024 production results.

Oct 25, 2024 | fastmarkets.com | Dylan Duan |James McKeigue

Nickel premiums were flat globally, while the London Metal Exchange three-month nickel price reached its lowest 5pm close since mid-September. Premiums for full-plate cathodes, 4×4 cathodes and nickel briquette were flat on Tuesday October 22. Fastmarkets assessed the nickel uncut cathode premium, in-whs Rotterdam at $150-300 per tonne on Tuesday, unchanged from the previous weekly pricing session.

Oct 18, 2024 | fastmarkets.com | James McKeigue

The queue to withdraw aluminium from the Istim warehouse at Port Klang is dividing market participants. Some feel that the 251-day wait is a sign that the LME rules are not working, while others blame traders and Istim itself for the situation. Excessive warehouse queues are not a new problem for the LME. In 2011, it increased the minimum daily load-out rate from 1,500 tonnes per day (tpd) to as much as 3,000 tpd depending on the size of the warehouse.