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%.

Japanese steel producers continued to see lower prices in December at home although they enjoyed a rally in export prices on the back of a weakening yen.

The combination between Metinvest and Ilyich Iron & Steel is compelling. Metinvest brings its raw materials assets to the deal, and plans to invest a cool $2 billion in modernising and improving Ilyich’s facilities

Iron ore prices are weakening fast, with offer at $100 per tonne for 63.5% Fe content now failing to find buyers as high inventories and falling Chinese steel prices damage sentiment.

The three-month lead price on the London Metal Exchange was slightly firmer this morning, Friday November 23, while the rest of the complex was down by an average of 0.6%. Zinc led the decline with a 1.2% fall, while copper was off by 0.8% at $6,217 per tonne.

Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Wednesday June 13, the exception being lead which was 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 were for the most part stronger on the morning of Monday March 4, with all but tin in positive territory. The complex recorded an average gain of 0.4%, while tin was down by 0.1% at $21,630 per tonne.

Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened.

A drop in China’s manufacturing purchasing managers’ index (PMI) to 49.2 in February, from 49.5 in January, has set a weaker tone across markets with base metals traded on the London Metal Exchange mostly lower and down by an average of 0.3% in the morning of Thursday February 28.