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

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.

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.

Volatility has picked up in the base metals trading on the London Metals Exchange in recent days, with prices down an average of 0.4% this morning, Thursday March 23. This is after prices rebounded on Wednesday afternoon following a bout of weakness that started on Monday.

The upward trend in steel billet market prices resumed last week in most global markets, despite signs of a slowdown in the Chinese steel market, sources told Metal Bulletin.

Base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday May 2, with five of the six base metals showing gains averaging 0.6%, while tin bucked the trend with a 0.1% decline. Copper led on the upside with a 1% gain to $6,816 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.

Three-month base metals prices on the London Metal Exchange consolidated higher from recent lows on the morning of Tuesday August 14 as relative calmness swept through the market to support a return of risk-on sentiment after the Turkish Lira stabilized at 6.8700 against the dollar earlier today.

Manganese ore prices continued to firm on Friday September 15 as sentiment was boosted by a gradual drawdown in stocks in China and anticipation of further strengthening in the steel sector.

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.