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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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With the exception of tin that was perched just below recent multi-year highs and aluminium that was little changed, base metals prices on the London Metal Exchange were weaker this morning, Tuesday June 8.
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday June 7, after the rally sparked by Friday’s worse-than-expected US employment report ran out of steam.
Nornickel resumed operations at its Taimyrsky nickel and copper mine in Siberia on June 1, the world’s second biggest nickel producer said on Friday June 4.
Base metals prices on the London Metal Exchange have attracted dip-buying this morning, Friday June 4, after weakness on Thursday when prices fell across the board by an average of 2.2%.
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally weaker on Thursday June 3 morning, although nickel bucked the trend on both exchanges.
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday June 2 – zinc and tin prices were up on both exchanges and were looking robust, while the others have lost recent upward momentum.
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