Base metals prices are pulling back to consolidate this morning, Tuesday January 17, with three-month prices on the London Metal Exchange down an average of 1% as of 06:08 GMT with the pullback been done at quite a high volume of 11,288 lots.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday December 5, with lead the only metal showing any strength - its prices are up by 0.2%. The rest are down by an average of 0.7%, led by a 1.8% fall in nickel prices. Three-month copper prices are down by 0.9% at $6,743 per tonne.

Base metals prices on the London Metal Exchange are down across the board by an average of 0.9% this morning, Tuesday November 28. Nickel leads the decline with a 1.7% drop to $11,390 per tonne, while zinc prices are off by 1.2% at $3,147 per tonne and copper prices are down by 0.9% at $6,864 per tonne.

The Commonwealth of Independent States (CIS) region’s export slab price lost its premium to corresponding billet in 2017, driven by a combination of an easing international slab market and a tightening billet market.

The metals remain on a back footing this morning, Monday July 10, with the base metals complex on the London Metal Exchange down an average of 0.4% as of 07:18 BST.

Base metals prices on the London Metal Exchange are for the most part slightly firmer this morning, Wednesday July 5, with prices up an average of 0.2%.

Base metals prices on the London Metal Exchange are down across the board by an average of 0.7% this morning, Tuesday July 4.

With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25.

And so it begins. The United States will impose import tariffs on steel and aluminium, and with depressing inevitability other nations and trading blocs will cry “foul” and reach for the drawer marked “retaliation”, almost certainly leading to a wider and broader trade war.

Stronger than expected Chinese official PMI manufacturing data at 51.7, compared with 51.4 previous and 51.3 expected, has given most of the base metals a boost this morning, Thursday August 31.