The negotiation season for long-term contracts is well under way in many of the base metal markets, and participants globally have noted that the price volatility seen so far in 2022 and the soaring energy costs in Europe have weighed on consumer sentiment

Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.

China’s granting of the first export licenses under its new controls on gallium and germanium, hafnium’s paused price increase and indium metal market fundamentals are likely to be topics of discussion throughout LME Week, which runs October 9-13

The heads of 40 metals companies and a number of industry associations have called on European Union leaders to take emergency action to temporarily reduce gas prices in order to alleviate costs and help continued production at their sites

The London Metal Exchange has announced new additions to the LMEpassport which will provide increased transparency on brands using scrap material and broaden disclosure to non-LME brands

Three-month prices for base metals on the London Metal Exchange all rose at the 5pm close of trading on Tuesday November 1, with nickel’s price increasing by 8.2%

Brazilian capital goods, construction and steel packaging industry groups are against a request from steel mills for the country to raise its steel import duties to 25%, already predicting rising costs in each sector if an increase is greenlit

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday September 26, with the strong dollar and demand concerns still weighing on the market

Most prices on the London Metal Exchange can expect more upside this year amidst a range of tailwinds, with aluminium, zinc and nickel particularly poised for further peaks given metal-specific dynamics, analysts at Sucden Financial told Fastmarkets.

Global multi-metal miner and trader Glencore intended to build an “unrivaled” copper business through a proposed takeover of Canadian miner Teck Resources