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METALS-Copper rises on Biden's budget plans, Chile supply threat

Shanghai copper advanced on Friday as traders bet on prospects of a massive U.S. federal spending, while supply concerns in Chile also lent support to prices. ....

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SMM Evening Comments (May 28): Nonferrous metals on the SHFE rose across the board, nickel soared 4.85%_SMM

SHFE nonferrous metals all closed higher on Friday May 28. Copper rose 2.22%, aluminium added 1.47%, zinc increased 2.83%, nickel soared 4.85%, lead gained 1.6% and tin surged 4.81%.
SHANGHAI, May 28 (SMM) – SHFE nonferrous metals all closed higher on Friday May 28. Copper rose 2.22%, aluminium added 1.47%, zinc increased 2.83%, nickel soared 4.85%, lead gained 1.6% and tin surged 4.81%.
Copper: The most-traded SHFE 2107 copper contract jumped 2.22% to finish the day at 73,350 yuan/mt, with open interest rising 5,747 lots to 139,000 lots.
Aluminium: The most-active SHFE 2107 aluminium contract rose 1.47% to close the day at 18,670 yuan/mt, with open interest decreasing 8,611 lots to 213,000 lots.
Zinc: The most-liquid SHFE 2107 zinc contract rose 2.83% to end the day at 23,045 yuan/mt, with open interest adding 13,698 lots to 108,000 lots. ....

Friday May , வெள்ளி இருக்கலாம் , வழி நடத்து ,

Novelis aluminium to reduce Qashqai weight

Novelis aluminium will feature in Nissan s Qashqai in the bonnet and doors to reduce weight.
Through Novelis global Customer Solution Centre network, engineers have shown automakers light-weighting with aluminium doors and bonnets is a way to reduce weight.
Using aluminium, the Qashqai has achieved 21kg of the total 60kg of body-in-white weight savings compared to the previous model. Novellis maintains this demonstrates the growing trend by many major automakers to increase aluminium adoption in smaller vehicle segments and high-volume production models.
We are delighted to provide Nissan with sustainable aluminium body sheet solutions as they continue to design lighter, more fuel-efficient vehicles with reduced life-cycle emissions, said Novelis Europe VP Automotive, Michael Hahne. ....

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Exclusive: Logjams at Malaysian warehouses exacerbate aluminium shortages

Bottlenecks at London Metal Exchange registered warehouses in Malaysia owned by metals storage firm ISTIM UK are adding to the difficulties aluminium consumers in the United States and Europe face in getting the metal they need. ....

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SMM Evening Comments (May 27): Nonferrous metals on the SHFE rose across the board, tin increased 1.06%_SMM

SHFE nonferrous metals all closed higher on Thursday May 27. Copper added 0.11%, aluminium advanced 1.01%, zinc rose 1.14%, nickel gained 0.71%, lead increased 0.42% and tin strengthened 1.06%. ....

வழி நடத்து ,