The base metals are rebounding this morning, Thursday April 13, after what has been a week or so of weaker prices.

Copper prices continued to rally this morning, Wednesday July 26, reaching $6,400 per tonne, which was up by 2.3% from Tuesday’s close. The rest of the complex is split with nickel and zinc off around 1%, while the rest are little changed, although they have been choppy.

Iranian steel billet has been quietly gaining acceptance in the global market because of its attractive prices compared to material from other suppliers.

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.

Most global billet prices edged down last week, amid lower scrap prices and weaker market activity due to the month-long Ramadan religious observation in Islamic countries.

Base metals traded on the London Metal Exchange are mainly weaker this morning, Wednesday February 28, with prices off by an average of 0.4%.

Base metals on the London Metal Exchange are slightly firmer this morning, Tuesday June 6, with prices up an average of 0.2%.

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.

India’s imported scrap markets have been supported by healthy demand for finished steel in the country this week, which prevented there being steeper losses in the scrap price, sources have told Metal Bulletin.

Bounces have been seen across the base metals prices on the London Metal Exchange this morning, Wednesday April 19, with prices up an average of 0.6% as of 06:30 BST.