Copper and zinc made the biggest morning gains among the base metals on the London Metal Exchange on Friday, April 29, supported by the Chinese government’s commitment to supporting its economy through its ongoing Covid-19 lockdowns
Base metals prices on the London Metal Exchange were up across the board during morning trading on Thursday July 29 given a range of price-supportive events, with nickel the standout performer with an increase of 1.4% from its closing price on Wednesday.
Tin smelting operations at the Malaysian Smelting Co (MSC) will be suspended until June 28, the company confirmed this week, after the country’s Covid-19 lockdown was extended again.
After a one-month consultation period, Fastmarkets has amended the timing specifications for its assessment of Italian SHG (special high grade) zinc premiums.
China’s import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.
Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.
