Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, tracking the strong performance of the London Metal Exchange’s three-month lead price on Monday. The other SHFE base metals, with the exception of copper and nickel, were weaker.
Check Metal Bulletin’s live futures report here.
| LME snapshot at 02.37am London time | ||
| Latest three-month LME Prices | ||
| Price ($ per tonne) | Change since yesterday’s close ($) | |
| Copper | 6,885 | 6 |
| Aluminium | 2,269.50 | -10.5 |
| Lead | 2,418.50 | 8.5 |
| Zinc | 3,083.50 | -20.5 |
| Tin | 20,740 | 40 |
| Nickel | 14,675 | 0 |
| SHFE snapshot at 10.37am Shanghai time | ||
| Most-traded SHFE contracts | ||
| Price (yuan per tonne) | Change since yesterday’s close (yuan) | |
| Copper (June) | 51,470 | 100 |
| Aluminium (June) | 14,745 | -20 |
| Zinc (June) | 23,835 | -120 |
| Lead (June) | 20,210 | 385 |
| Tin (July) | 146,090 | -130 |
| Nickel (September) | 108,870 | 20 |
Canada-based Cobalt Blockchain Inc (COBC) expects final ratification shortly for a copper/cobalt trading and export license that will allow it to establish regional buying depots in the Democratic Republic of Congo (DRC), process minerals in-country and export internationally.
Manganese ore prices fell heavily in the week ended May 18, in particular the price for 44% manganese, with sellers accepting the refusal among buyers to pay higher prices.
Ferro-chrome prices rose in China for domestic and imported material on May 18 due to producers standing firm on offer prices in a tighter market.
Carmaker Daimler AG has gone “on the offensive” to secure a sustainable raw materials supply chain and has developed a number of initiatives across key raw materials to create transparency and to protect human rights, the Germany-based group has said.
Cobalt 27 has agreed an $80 million revolving credit facility to help fund its investments in the mineral industries, including streaming and royalty agreements, the company said late last week.
