February 2024

LME base metals prices mostly down; market mulls CPI data

Most London Metal Exchange three-month base metals prices were down in early trading on Wednesday February 14, with investors considering the potential consequences of Tuesday’s higher-than-expected Consumer Price Index (CPI) data from the US.

Aluminium premiums widen upward in Asia, stable elsewhere

Aluminium premiums in Asia rose, with market participants more bullish compared with their counterparts in Europe and the US, where premiums were mostly stable due to softening demand.

Better-than-expected CPI data provides support to some LME base metals prices

London Metal Exchange three-month base metals prices were mixed at the 5pm close of trading on Tuesday February 13, with some prices finding support following positive Consumer Price Index (CPI) data, while others were under pressure.

Proposal to increase frequency of US low-carbon aluminium differentials: pricing notice

Fastmarkets proposes to amend the frequency of its MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product, US Midwest to a weekly basis from the current monthly basis.

LME base metals stocks surge year on year in January, but down compared with December

Total open-tonnage stocks in London Metal Exchange-registered warehouses more than doubled year on year in January 2024, despite being down by more than 6% compared with December 2023.

Delayed publication of rand fixing prices for LME trade: pricing notice

The publication of Fastmarkets’ rand fixing prices for LME trade for Monday February 12 were delayed due to a technical issue.

LME base metals prices rangebound as market awaits US CPI data

London Metal Exchange three-month base metals prices were broadly flat on the morning of Tuesday February 13, with market participants waiting for clues on the direction of US interest rates from upcoming inflation data.

LME base metals prices mostly up; tin shows biggest increase

Most base metals prices rose on the London Metal Exchange on Monday February 12, with lead the only one to move downward.

Most LME base metal prices rise at start of week

Base metals prices on the London Metal Exchange were mostly higher at the open of trading on Monday February 12, with the exception of aluminium.

Global aluminium billet premiums strong amid ongoing supply-pressures

Primary aluminium billet premiums in Europe and Asia were strong amid ongoing supply-pressures, while the US billet market remained broadly steady.