The three-month nickel price on the London Metal Exchange dropped by 1.2% during morning trading on Tuesday May 28, capped by thin buying interest across Asian trading hours while US-China trade tensions continued to hang over commodity markets.

Zinc outperformed the rest of the base metals traded on the Shanghai Futures Exchange during morning trading on Tuesday March 26, with a weaker dollar and upcoming trade talks between the United States and China buoying market sentiment.

With the exception of nickel and aluminum, base metals prices on the Shanghai Futures Exchange staged a modest recovery during Asian morning trading on Monday July 16, with the market continuing to adjust to trade tensions between China and the United States.

Even with prices at all-time highs, there is a very high likelihood for upward momentum to persist over the coming decade, according to serial entrepreneur and venture capitalist Lars Tvede

The three-month copper price on the London Metal Exchange was down during morning trading on Friday August 2, falling to its lowest level since June 10, while zinc futures shed 1.4% of Thursday’s gains.

Base metals prices continued to soar higher this morning, Tuesday October 19, with cash prices rising at an even faster pace while shorts are squeezed. Cash copper prices on the London Metal Exchange were evaluated on Monday evening at $1,103.50 per tonne.

Zinc inventory in Shanghai Futures Exchange-approved warehouses plunged to a 10-year low after buyers took advantage of price declines and while supply remains restricted by local production cuts.

Metal Bulletin looks back at the key moves and market news of the week.

Zinc prices on the Shanghai Futures Exchange (SHFE) were well-supported by falling overseas stock levels in Asian morning trading on Wednesday January 3, while copper pared overnight gains.

Base metals prices on the Shanghai Futures Exchange mostly drifted lower during morning trading on Wednesday August 7, with US-China trade tensions continuing to unsettle global markets and dampening risk sentiment.