Base metals prices on the London Metal Exchange are mostly consolidating in the morning on Monday September 25, after steep declines last week.

Base metals traded on the London Metal Exchange are on divergent paths this morning, Monday September 25, with zinc and tin prices higher by 0.8% and 0.3%, respectively; lead and copper prices are little changed with three-month copper at $6,479 per tonne; and nickel and aluminium prices are weaker by 0.5% and 0.3%, respectively.

Base metals prices on the Shanghai Futures Exchange (SHFE) were stronger across the board during the Asian morning trading session on Monday September 25, with copper and lead prices supported by a large drawdown in stocks ahead of China’s weeklong National Day holiday, which begins October 1.

Correspondent Dalton Barker reviews the week in the non-ferrous metals markets.

Comex copper prices are set to move into the weekend on a dour note with the red metal trading around a one-month low on Friday September 22.

Base metals prices on the London Metal Exchange were mostly weaker in the morning of Friday September 22, after prices slumped yesterday evening on fresh US sanctions against North Korea.

Base metal prices on the Shanghai Futures Exchange (SHFE) were weaker across the board during the Asian morning session on Friday September 22, with nickel giving the worst performance as soft demand from China’s stainless steel sector weighed on prices.

Comex copper prices once again faced heavy selling pressure amid hawkish comments from the US central bank on Thursday September 21.

Base metals prices on the London Metal Exchange dipped in the UK morning on Thursday September 21, after the US Federal Open Market Committee (FOMC) statement gave the dollar a boost.

We were wary that the US Federal Open Market Committee (FOMC) statement could give the dollar a boost and that it could become a headwind for metals prices and that seems to have been the case. The base metals prices on the London Metal Exchange are down across the board by an average of 1.1% this morning, Thursday September 21.