Production line maintenance in Shanxi to affect alumina output 

Nonferrous metals on the SHFE were mostly higher on Thursday morning, and their counterparts on the LME rose across the board after stocks on Wall Street sailed to record highs as US President Joe Biden was sworn into office.

Nonferrous metals on the SHFE were mostly lower on Wednesday morning, while their counterparts on the LME set for a mixed start.

Nonferrous metals on the SHFE and LME both fell broadly on Thursday morning, extending losses, as surging global COVID-19 cases triggered more restrictions and stoked concerns about economic recovery.

Shanghai base metals fell for the most part on Friday morning, while their counterparts on the LME set for a mixed start, as the US dollar rebounded and hopes for a US stimulus package before the Nov. election dimmed.

China’s copper cathode output continued to rise in May after some of the smelters recovered from maintenance.

China’s copper cathode output in March increased even as secondary copper production continued to contract due to the unfavourable price spread between copper cathode and copper scrap, in addition to copper scrap supply issues. The global outbreak of COVID-19 took a toll on copper scrap supply from Malaysia.

China produced 5.87 million mt of alumina in December, with metallurgical-grade materials accounting for 5.62 million mt

No more than 100 million yuan of subsidy will be granted each year

The premiums for Jinchuan materials over the SHFE 1910 contract little changed at 200-300 yuan/mt

PT Macika Mada Madana has obtained new export quotas of 400,000 wmt nickel ore this month