Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Tuesday July 3, with aluminium and tin prices both off by 0.3%, while the rest of the complex was up by between 0.1% and 0.6%. Zinc led the rebound, while copper was the laggard at $6,578 per tonne.

Base metals prices on the Shanghai Futures Exchange were mostly up during morning trading on Tuesday August 7, with nickel outperforming the rest of the complex with a gain of 1.7%.

Most base metals on the Shanghai Futures Exchange staged a minor recovery during Asian morning trading on Wednesday June 20, after suffering sharp declines on Tuesday.

Starting in July this year, and for the first time, millions of tonnes of copper and aluminium scrap will be shipped into China not as waste but as merchandise, after the country announced its timetable for the renaming of high-purity non-ferrous scrap as recyclable materials.

“We want to be leaders in what we do,” Vital Materials’ chief executive officer, George Zhu, told Fastmarkets MB during a visit to the company.

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday November 15.

Equities sold off after the US Federal Open Market Committee (FOMC) suggested that its rate cut was simply a mid-cycle adjustment rather than the start of monetary easing.

Base metals prices traded on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday February 22, with only copper and tin weakening.

Asian equities were weaker in the morning of Wednesday July 31 on uncertainty on the progress in US/China trade negotiations, although base metals, which have focused more on brighter Chinese manufacturing purchasing managers’ index (PMI) data, rose by an average of 0.4%.

Base metals prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Friday July 20, with the majority of the complex little changed to weaker. Tin was the exception, however, with a modest gain of 0.4%.