Three-month prices for base metals on the London Metal Exchange all rose at the 5pm close of trading on Tuesday November 1, with nickel’s price increasing by 8.2%

The Chinese battery-related nickel market has continued to show strength, with domestic prices rising and demand appearing strong for intermediate feedstock products such as nickel mixed-hydroxide-precipitate (MHP). But the international sulfate market has continued to show weakness on a spot basis with little buying interest reported.

Trade body European Aluminium and the European steel association, Eurofer, have teamed up with other sectors facing a proposed carbon levy on imports, to call for a gradual implementation of the new regulations supporting the EU's transition to climate neutrality by 2030

Base metal futures on the London Metal Exchange bar aluminium were down on Monday, October 31, the first full day of trading following LME Week

Imports of Russian steel into the United States have dropped precipitously this year, negating the need for a formal ban similar to the one reportedly being considered for aluminium

The Chinese government plans to lower the import thresholds for impurities contained in metals concentrates, indicating that the old standards are no longer practical, sources have told Fastmarkets

The benchmark US Midwest aluminium premium was steady on Friday, October 28 for the first time since the beginning of September, prompting some sources to say the premium has reached a bottom

The CME Group has tripled the volumes traded on its physically delivered global aluminium futures contract since the first quarter of 2022 - reaching a single-day high of 7,929 contracts on October 5, with a daily average of about 3,000 contracts so far this month and open interest at a record 1,411 contracts on October 19

The London Metal Exchange has announced new additions to the LMEpassport which will provide increased transparency on brands using scrap material and broaden disclosure to non-LME brands

The London Metal Exchange’s relevance has “arguably never been stronger” despite a challenging year, according to Nicolas Aguzin, chief executive officer of LME's owner Hong Kong Exchanges and Clearing (HKEX)