Zinc premiums in the United States and Europe rose during the week to Tuesday May 11, with the import arbitrage loss keeping Chinese premiums stable. The surge of Covid-19 cases in India, meanwhile, has led to freight cost rises for imports into the country.
China’s premium for imported nickel full-plate moved slightly lower amid minimal spot trading due to a big arbitrage loss while European premiums held flat in thin spot trading and US premiums were little moved after market-caution arose following price volatility on exchanges, sources told Fastmarkets.
The American Tin Trade Association (ATTA) is marking a return to business as usual - almost - by announcing on Tuesday May 11 that it will host in September one of the first, major in-person industry gatherings since the Covid-19 pandemic began.
Brazil-based Atlantic Nickel reached its nameplate capacity of 20,000 tonnes per year of nickel in concentrate in March after almost 18 months of ramping up production, its chief executive officer Paulo Castellari told Fastmarkets on Tuesday May 11.