LME Week 2024 commodity spotlight

Analysis and forecasts for the hottest commodities at LME Week 2024

Commodities in the spotlight at LME Week 2024

Welcome to our LME Week commodity spotlight. Your ultimate source for analysis surrounding one of the most significant events in the global metals industry calendar. At our LME Week 2024 reception, our experts presented their latest analysis of the base metals and battery raw material markets. Here you can find their commodity spotlights, which provide a summary of the analysis they presented. 

Download the commodity spotlights here: 

Aluminium

Andy Farida, base metals research analyst, looks at LME base metals price performance in August, the impact of alumina supply disruptions and the supply/demand forecast through 2025 in this aluminium spotlight. 

Download the aluminium spotlight

Battery costs

Battery cost analysts Muthu Krishna and Robert Searle provide their analysis of cell costs, including LFP, LMFP, NCM-811 and NCA.  

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Cobalt

Metals analyst Robert Searle shares his analysis of current and future cobalt prices. 

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Lithium

William Adams, head of base metals research, explains why the lithium market is still in the doldrums, and looks at what impact that’s could have on supply in the long-term. He also shares the short-term supply, demand and price outlook. 

Download the lithium spotlight 

Copper 

Boris Mikanikrezai, base metals research analyst, shares his 1-2 year outlook for copper prices, explores regional variations, and breaks down the factors that could drive prices up in the final quarter of 2024

Download the copper spotlight

Graphite

Georgi Georgiev, battery production analyst, explains why we’re not forecasting any notable improvement in graphite prices before late in the fourth quarter of 2024. 

Download the graphite spotlight

Lead

James Moore, base metals research analyst, breaks down the bullish and bearish factors shaping the global lead market in 2024. 

Download the lead spotlight

Manganese sulfate

Metals analyst Robert Searle shares his analysis of current and forecast manganese sulfate prices. 

Download the manganese sulfate spotlight

Nickel

James Moore, base metals research analyst, breaks down the bullish and bearish factors shaping the global nickel market in 2024.

Download the nickel spotlight

Tin

Boris Mikanikrezai, base metals analyst, explains why the tin market is likely to experience tightness through the remainder of 2024, and looks at the factors holding up prices. 

Download the tin spotlight 

Zinc

Andy Farida, base metals research analyst, looks at the global zinc market, covering why China needs more zinc, the China production outlook, and more. 

Download the zinc spotlight

Read our LME Week coverage

Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country

The base-metals commodity markets are going through an “unprecedented” period, Saad Rahim, chief economist at global trader Trafigura, said at the London Metal Exchange’s own metals seminar which started the 2023 LME Week event in London on Monday October 9

Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023

Under the European Green Deal, the European Commission proposed a new EU target to reduce greenhouse gas emissions by at least 55% by 2030, compared with the levels emitted in 1990

The price of copper and capital costs will be central to Freeport-McMoRan’s decision on the timing of an expansion at its Bagdad copper operation in the US state of Arizona, the president of the US producer told Fastmarkets

China’s premium for copper cathode imports increased after the country’s golden week holiday from September 29 to October, supported amid favorable import conditions, while the premium in the US copper market came under pressure due to excess supply, sources said


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