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Three-month base metals prices on the London Metal Exchange largely consolidated during morning trading on Thursday August 27, with thin turnover seeing price action largely unmoved, while continued weakness in the US dollar index failed to spur buying sentiment across metal markets ahead of this afternoon’s Federal Reserve speech.
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Prices for bulk cargoes of scrap imported to Bangladesh moved up again over the last week with offer prices from key exporters on the rise, market participants told Fastmarkets.
UK secondary aluminium prices continued to rise on Wednesday August 26, with a regional supply squeeze pushing LM24 ingot prices above the levels seen before the Covid-19 pandemic began.
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