China's base metals industry seems to be taking the biggest hit from the country's latest virus-control restrictions, with the authorities sticking with a restrictive “dynamic clearing” approach in a bid to see off the country's worst Covid-19 outbreak since early 2020.

Latest analysis for aluminium, copper, lead, nickel, tin and zinc from our team of base metals experts

A new trade agreement between the United States and the United Kingdom announced on Tuesday March 22 is more likely to enhance political ties than actually move significant tons of steel and aluminium across the Atlantic, sources said

Nickel prices on the London Metal Exchange had fallen by 4% at the 5pm close of trading on Friday March 25, after another week of disruptions.

The benchmark aluminium premium in the United States returned to its recent peak, amid rising offers to consumers and bullish sentiment in the US, after Australia banned sales of alumina to Russia.

The United States and United Kingdom have reached a deal that will replace the Section 232 tariffs applied to US imports of steel and aluminium products from that country with a quota system, the US Department of Commerce announced on Tuesday March 22

The benchmark aluminium premium in the United States fell from its all-time high amid reported discounting, after having broken a series of records in six of the past seven assessments, sources told Fastmarkets on Friday, March 18

Fastmarkets has corrected the LME Asian reference and TAPO prices for March 18, which were published incorrectly due to a technical error.

The European aluminium industry fretted over the availability of Russian material the last time sanctions were applied in 2018, but with premiums already pushing to near all-time highs following Russia's invasion of Ukraine, it's clear the market's reaction is very different this time around.

Tight availability of primary aluminium in Europe continues to push premiums higher, with Fastmarkets’ duty paid Rotterdam premium hitting a fresh all-time high