Base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday October 6, as were Asian-Pacific and pre-market major western equity index futures.

After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country’s future development, but reliant on imported materials.

Base metals prices on the London Metal Exchange were for the most part weaker this morning, Friday October 2, but our focus is on the broader markets because US President Donald Trump has tested positive for Covid-19, which in itself is a major development, but is also going to have ramifications on the run-up to the presidential election on November 3.

Fastmarkets MB is inviting feedback on its audited non-ferrous price assessments and indices, as part of its annual methodology review, in compliance with IOSCO principles for price reporting agencies (PRAs).

Base metals prices on the London Metal Exchange and pre-market western equity index futures were for the most part firmer this morning, Thursday October 1, albeit in quiet conditions with China, Hong Kong and South Korea closed for holidays and technical problems meaning the Tokyo Stock Exchange could not open.

Base metals prices and Asian-Pacific equities were mixed this morning, Wednesday September 30, although pre-market western equity index futures were weaker following a confrontational and not very presidential first debate between US President Donald Trump and former Vice President Joe Biden, the democratic candidate.

Base metals prices on the London Metal Exchange were mixed but little changed this morning, Tuesday September 29, while prices on the Shanghai Futures Exchange were firmer as they caught up with Monday’s performance on the LME.

The three-month copper price on the London Metal Exchange was slightly improved during morning trading on Monday September 28, with price action moving 0.4% higher despite a fresh inflow of just over 30,000 tonnes into LME-registered warehouses in Rotterdam, while tin futures led on the upside with 1.6% increase to trade firmly above the $17,000-per-tonne support level.

Base metals prices on the London Metal Exchange were mixed but little changed this morning, Friday September 25, this after once again running into dip-buying on Thursday.

Trader Minmetals has decided to wind down its operations in the United States citing increasing uncertainty for Chinese state-backed firms operating in the North American country, Fastmarkets has learned.