Base metals prices on the London Metal Exchange are up by an average of 0.5% this morning, Tuesday July 25. Tin is once again bucking the trend with prices off 0.3% at $20,190 per tonne, while the rest have gains of between 0.3% for aluminium and 0.9% for nickel and copper, with the latter at $6,088 per tonne basis three months.

A sharp increase in Turkish scrap import values pushed up scrap prices in the major markets during the working week from Monday July 24 to Friday July 28.

The annual sitting of the National People’s Congress of the People’s Republic of China and the Chinese People’s Political Consultative Conference - widely known as the ‘twin sessions’ - in Beijing released a series of stimulus packages for the development of China’s economy amid the Covid-19 pandemic.

Base metals traded on the London Metal Exchange are up across the board by an average of 0.7% this morning, Monday November 13. Nickel prices are leading the way with a 2.3% gain, with tin prices up by 0.7% and three-month copper prices up by 0.5% at $6,828 per tonne, while the rest are up by 0.2%.

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% on the morning of Monday July 23. Gains were ranged between 0.1% for aluminium and 1.2% for zinc, with copper up by 0.3% at $6,172 per tonne.

Three-month base metals prices on the London Metal Exchange gave a mixed performance on the morning of Friday May 11, with the complex averaging a slight 0.1% gain as at 06.42 am London time.

Base metals prices on the London Metal Exchange are stronger by an average of 0.7% this morning, Monday July 17, with zinc prices leading the way with a 1.6% gain to $2,834.50 per tonne, while three-month copper prices are up 0.9% at $5,980 per tonne.

Three-month base metals prices on the London Metal Exchange were weaker on the morning of Thursday December 6, with the complex down by an average of 0.9%. Continued weakness in equities, bond yields and increased trade tensions between the United States and China seem to be weighing on sentiment.

Global ferrous scrap prices were mostly going higher during the working week ended Friday May 11 with prices beginning to climb out of the price trough.

China’s return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11.