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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.
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Base metals prices on the London Metal Exchange are off to a slower start this week with three-month prices up an average of just 0.1%. Copper prices are off 0.4% at $5,937 per tonne, aluminium prices are off 0.1%, while the rest are up between 0.2% and 0.4%. Volume has been average at 5,241 lots as of 06:46 BST.
Base metals on the London Metal Exchange are on divergent paths this morning, Friday June 30, with three-month copper and nickel prices firmer by 0.4%, with copper at $5,947 per tonne, aluminium and zinc prices are little changed, while lead and tin are off either side of 0.4%.
Base metals prices on the London Metal Exchange are up across the board this morning, Thursday June 29, with gains averaging 0.4%. Copper prices lead the advance with a 0.7% gain to $5,918 per tonne – the highest prices have been since April 5.
Base metals are little changed on the London Metal Exchange this morning, Wednesday June 28, with prices split between plus and minus 0.3%. Copper, lead and tin prices are firmer, aluminium and zinc prices are weaker and nickel prices are unchanged.
Another quiet start to trading on the London Metal Exchange this morning, Tuesday June 27, with base metals prices mixed and little changed. Copper, aluminium, lead and tin prices are down an average of 0.2%, with three-month copper prices at $5,789 per tonne, while nickel and zinc prices are up 0.6% and 0.2%, respectively.
A quiet but positive start to trading on the London Metal Exchange this morning, Thursday June 22, with base metals prices up across the board with average gains of 0.2%.
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