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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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There is generally a firmer tone in the base metals traded on the London Metal Exchange this morning, Friday April 28, with three-month prices up an average of 0.3%, while tin is the only metal showing a loss.
The base metals traded on the London Metal Exchange are down across the board this morning, Thursday April 27, with three-month prices off an average of 0.3%.
The base metals traded on the London Metal Exchange are for the most part firmer this morning, Tuesday April 25, with copper, aluminium zinc and nickel prices up between 0.2% and 0.4%. Three-month copper prices are up 0.4% at $5,678 per tonne. While lead and tin prices are down 0.3% and 0.1%, respectively.
Apart from three-month tin prices that are down 0.9% on the London Metal Exchange this morning, Monday April 24, the rest of the metals’ prices are ranged between plus and minus 0.3%, with copper prices up 0.3% at $5,652 per tonne.
Base metals prices have managed to generally build on the gains from Thursday with three-month London Metal Exchange prices up an average of 0.4%, this morning, Friday April 21.
Base metals prices were weaker again this morning, Thursday April 20, with three-month prices on the London Metal Exchange down an average of 1% as of 06:38 BST, with zinc and lead prices off the most with losses of 1.6% and 1.5%, respectively, copper prices are off 0.7% at $5,557 per tonne, while aluminium prices are off the least with a 0.2% drop to $1,908.50 per tonne. Prices have since started to rebound.
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