Base metals prices on the London Metal Exchange were mostly higher this morning, Friday October 20, with nickel’s rally leading the pack.

Base metals prices on the London Metal Exchange are mostly higher with gains averaging 1.1% this morning, Friday October 20. The exception is tin where prices are off by 0.3%. Nickel prices once again lead the gains with a 2.5% increase to $12,065 per tonne, with lead prices up by 1.6% and copper prices up by 1.3% to $7,060 per tonne. Zinc and aluminium prices are up by 0.9% and 0.6%, respectively.

Aluminium prices on the Shanghai Futures Exchange (SHFE) inched higher during Asian morning trading on Friday October 20, supported by lower production data out of China and increased buying interest from downstream participants.

Nickel prices on the London Metal Exchange recovered over $100 on Thursday October 19, while aluminium traded slightly higher on strong sentiment for the light metal.

Base metals prices on the London Metal Exchange are broadly higher this morning, Thursday October 19. Nickel prices lead the gains with a 1.2% increase to $11,770 per tonne, while tin, aluminium and copper prices are up by between 0.1% and 0.4%, with three-month copper prices at $7,005. Lead and zinc are bucking the trend, with prices down by 1.1% and 0.5%, respectively.

Aluminium prices on the Shanghai Futures Exchange (SHFE) inched higher during Asian morning trading on Thursday October 19, supported by further winter capacity cuts in China and rising prices for alumina.

Comex copper prices consolidated into a tight range in the morning of Wednesday October 18 in the USA, with investors eyeing tomorrow's Chinese data GDP release before moving in a new direction.

Comex copper prices failed to maintain Monday’s gains in trading on Tuesday October 17, with investors pausing and eyeing upcoming Chinese data releases.

Copper prices were consolidating the previous session’s sharp gains during LME pre-market trading on Tuesday October 17, amid slower business flows, while other metals in the complex swung between the plus and minus columns.

Copper prices on the Shanghai Futures Exchange (SHFE) surged during Asian morning trading on Tuesday October 17, buoyed by increasing optimism in the market regarding China’s economic outlook.