February 2024

LME base metals prices mostly rise after dollar weakens on disappointing US data

Base metals prices on the London Metal Exchange were mostly up during morning trading on Friday February 16, with the exception of aluminium and tin.

Alba profit drops 71% in 2023 in challenging aluminium market

Aluminium producer Aluminium of Bahrain (Alba) has said that weak consumption, caused by high interest rates and supply-side pressures, contributed to reduced profit before tax of 118 million Bahraini dinars ($311 million) for the year 2023.

Base metals warrant report for February 14

A summary of the London Metal Exchange base metals warrant premiums from across the globe in the fortnight ending Wednesday February 14.

Lunar New Year dulls Australian alumina market

Key data from Fastmarkets’ alumina pricing session on Thursday February 15.

US macro data pushes LME copper, lead, zinc prices higher

Movements in the London Metal Exchange three-month base metals prices were mixed on Thursday February 15 with the market weighing-up the most recent US macro-economic data.

Expect more volatility in dry bulk shipping, Braemar says

Volatility in the dry bulk freight market – which includes commodities like bauxite, iron ore, coal and grain – is expected to continue in 2024, according to shipping advisor Braemar.

Aluar expects steady aluminium premiums despite Argentina uncertainty

Aluminium premiums were being kept at their current levels and no significant changes were expected in the short term, because of the slow post-Covid recovery of consumption in Europe and the US, Argentinian producer Aluar said in its latest quarterly earnings report, published on Thursday February 8.

Weak European aluminium demand remains key hurdle to market recovery – Norsk Hydro

Weak demand continues to stem profitability and prevent capacity return in the European aluminium market, Norsk Hydro’s chief executives told Fastmarkets in an exclusive interview on Wednesday February 14.

LME base metal prices mostly move higher despite thin trading volumes

Base metal prices on the London Metal Exchange were little changed on thin volumes during morning trading on Thursday February 15, amid the ongoing Lunar New Year holidays in China.

LME lead price rises above $2,000/t; copper, tin fall

London Metal Exchange three-month base metals prices were mixed on the evening of Wednesday February 14, with as many metals moving up as down.