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 downtrend in the global billet market continued in the week ended Friday July 13 amid weakness in finished long steel prices, decreasing import scrap prices in Turkey, and generally unfavorable conditions in the global steel market.

Base metals prices on the London Metal Exchange are firmer by an average of 0.5% this morning, Tuesday October 24. Three-month copper prices lead the advance with a 1.3% gain to $7,103 per tonne, with tin and nickel both up by 0.6% and aluminium, lead and zinc up by an average of 0.2%.

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.

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.

Base metals prices on the London Metal Exchange are heading lower again by an average of 0.6% this morning, Tuesday September 12. Three-month nickel prices lead the way with a 1.6% drop to $11,645 per tonne, copper and tin prices are off by 0.6%, with copper at $6,709 per tonne, while the rest are off by between 0.2 and 0.3%. Volume has been average at 5,750 lots.

Base metals prices on the London Metal Exchange are down an average of 0.4% this morning, Friday March 31, this despite better Chinese PMI data.