Base metals prices are generally consolidating this morning, Friday May 5, after setting fresh lows intraday on Thursday.

The US copper scrap market is largely in a temporary freeze following a plunge in Comex copper prices, although while some buyers have taken to the sidelines, others are taking a proactive approach amid fears that more paper has been traded than metal.

Base metals prices are for the most part consolidating this morning, Thursday May 4, with prices down an average of 0.2% on the London Metal Exchange. Nickel prices are off the most, down 0.7% at $9,170 per tonne, while copper is little changed at $5,592 per tonne. Volume has been high with 8,448 lots traded as of 06:54 BST.

Base metals prices are down an average of 0.7% on the London Metal Exchange this morning, Wednesday May 3, with zinc, copper and lead prices down around 1%, with three-month copper prices at $5,751 per tonne, while aluminium and nickel prices are off around 0.5% and tin prices are down 0.2%. Volume has been light with 3,907 lots traded as of 06:20 BST.

Three-month base metals prices are up an average of 0.5% on the London Metal Exchange this morning, Tuesday May 2, with aluminium and lead prices slightly weaker while the rest are up between 0.3% for tin prices and 1.4% for zinc prices, with copper prices up 0.7% at $5,777 per tonne.

There is generally a firmer tone in the base metals traded on the London Metal Exchange this morning, Friday April 28, with three-month prices up an average of 0.3%, while tin is the only metal showing a loss.

The base metals traded on the London Metal Exchange are down across the board this morning, Thursday April 27, with three-month prices off an average of 0.3%.

The base metals traded on the London Metal Exchange are for the most part firmer this morning, Tuesday April 25, with copper, aluminium zinc and nickel prices up between 0.2% and 0.4%. Three-month copper prices are up 0.4% at $5,678 per tonne. While lead and tin prices are down 0.3% and 0.1%, respectively.

Apart from three-month tin prices that are down 0.9% on the London Metal Exchange this morning, Monday April 24, the rest of the metals’ prices are ranged between plus and minus 0.3%, with copper prices up 0.3% at $5,652 per tonne.

Base metals prices have managed to generally build on the gains from Thursday with three-month London Metal Exchange prices up an average of 0.4%, this morning, Friday April 21.