Base metals

News, prices and analysis for aluminium, copper, nickel and other base metals

Base metals like copper, aluminium, nickel and alumina are some of the world’s most frequently traded commodities. With so many forces bearing down on the base metals market, win-win outcomes for negotiations depend on the depth and breadth of your understanding of the market.

Our global coverage, prices and forecasts give you the critical insights to understand what’s driving volatility and help you minimize risk and predict future trends. Our team of market experts provides more than 150 base metals prices from across the globe to empower you with the most current market-reflective prices, historical trends and future outlooks. And, as the drive to lower carbon emissions intensifies, Fastmarkets is leading the way with low-carbon aluminium pricing launched in 2021.

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Base metals prices, with the exception of tin, on the Shanghai Futures Exchange (SHFE) were stronger during Asian morning trading on Wednesday October 11, amid renewed optimism in the markets after the International Monetary Fund (IMF) raised its global economic growth forecast.

Comex copper prices inched upward in the morning of Tuesday October 10 in the US, with markets remaining constrained following holidays in the USA, South Korea and Japan.

Base metals prices veered either side of overnight closing values during routine London Metal Exchange pre-market trading on Tuesday October 10, consolidating current levels as the market took stock of China’s post-holiday business resumption, traders said.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday October 10, with prices down by an average of 0.3%. The exception is copper where three-month prices are up by 0.4% at $6,693 per tonne. The rest are off between 0.1% for tin prices and 0.8% for nickel prices. Volume has been average with 9,001 lots as of 07:11BST.

Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly lower during Asian morning trading on Tuesday October 10, with only copper and nickel managing to post gains – the latter tracking the strong performance of the London Metal Exchange’s three-month nickel price seen on Monday.

Comex copper prices were little changed to start the new week on Monday October 9, although the friendly economic backdrop is expected to keep prices supported.

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