Base metals

The rallies in the base metals on the London Metal Exchange have generally continued in early trading today, Friday August 25, with prices up by an average of 0.4%, with aluminium, zinc, lead and copper prices up between 0.6% to 0.8%, while nickel is off 0.5% and tin is little changed. Three-month copper prices are at $6,740 per tonne.

Base metals traded on the London Metal Exchange are broadly higher this morning, Thursday August 24, with three-month copper, zinc, lead and tin prices up by between 0.2% and 0.5%, with copper prices at $6,612 per tonne, while aluminium and nickel prices are by off 0.3% and 0.6%, respectively.

Base metals prices on the London Metal Exchange are for the most part consolidating this morning, Wednesday August 23, with three-month copper prices off by 0.1% at $6,582 per tonne, while zinc prices are up by 0.4% and nickel prices are off by 0.4%. Volume has been average with 8,662 lots traded as of 06:43 BST.

Base metals traded on the London Metal Exchange are for the most part consolidating this morning, Tuesday August 22, after a generally strong performance on Monday when the complex closed up by an average of 1%.

Base metals traded on the London Metal Exchange are off to a good start to the week this morning, Monday August 21, posting an average gain of 1.0% as we write. This reflects a slight pick-up in sentiment, perhaps stemming from easier Chinese financial conditions after the People’s Bank of China (PBOC) injected a net 50 billion yuan ($7.49 billion) into the country’s financial institutions earlier today.

Base metals traded on the London Metal Exchange are ticking higher this morning, Friday August 18, which could reflect some tactical short-covering ahead of the weekend in spite of a return to risk-off mode, evidenced in losses across Asian equities and the appreciation in funding currencies such as the yen. Zinc (+1.4%) is the strongest performer while copper (-0.1%) and tin (-0.1%) are the laggards of the complex.