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Base metals prices on the London Metal Exchange are stronger across the board this morning, Monday January 15, with the complex up by an average of 1.2%. Copper ($7,248 per tonne) and nickel ($12,905 per tonne) lead the advance with rises of 1.9%, while tin lags behind with a 0.1% gain to $20,300 per tonne.
Good morning from Metal Bulletin’s office in Shanghai, as we bring you the latest news and pricing stories on Monday January 15.
Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Monday January 15 after consolidation set in following last week’s gains, with only aluminium and nickel prices moving higher so far in the morning.
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday January 12, with zinc continuing to edge higher.
Deliverable nickel stocks at the Shanghai Futures Exchange-approved warehouses remained in an upward trajectory over the past week due to tax policy changes implemented at the start of the year.
Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% – apart from tin prices that are down 0.1% at $20,159 per tonne. Three-month copper prices are up by 0.5% at $7,167 per tonne and zinc prices have been as high as $3,405 per tonne, which is a fresh multi-year high.
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