Base metals traded on the London Metal Exchange were broadly higher during Asian morning trading on Thursday February 15, though trading remained subdued with Chinese participants out for the week-long Lunar New Year break.

The latest news and price moves to start the Asian day on Thursday February 15.

Chinese cobalt powder producer Hanrui Cobalt recorded a surge in net profit in 2017, with the company benefitting from the higher prices for cobalt witnessed during the year.

Growing liquidity in the CME Group’s No. 1 busheling ferrous scrap futures contract is encouraging, and indicates some maturity in metals risk management, a CME executive said in an interview.

Base metals on the London Metal Exchange are recovering again this morning, Tuesday February 13, with prices up by an average of 0.7%. Copper ($6,924 per tonne) and nickel lead the way with gains of 0.9%, while lead is the laggard with a 0.3% increase.

Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Tuesday February 13.

Base metals prices on the Shanghai Futures Exchange were broadly stronger during Asian morning trading on Tuesday February 13, with nickel prices leading on the upside with a gain of 0.8%, while lead (-0.3%) was the only metal to lose ground.

Base metals prices on the Shanghai Futures Exchange are off to a mixed start this week, with nickel prices leading on the upside with a gain of 1%, while zinc, copper and lead prices are little changed and tin and aluminium prices are down by 0.5% and 0.9% respectively.

Base metals traded on the London Metal Exchange are experiencing downward pressure this morning, Friday February 9, with the complex posting an average loss of 0.7% amid healthy volumes. Nickel (-1.6%) has been hit the worst, while copper (-0.2%) appears to be the most resilient.

Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses declined by 2,892 tonnes or 8.5% over the past week to 31,110 tonnes as of Friday February 9, marking the biggest decline across the exchange’s base metals complex.