December 2022

LME base metals remain muted on last trading day of 2022

Base metal prices on the London Metal Exchange were muted during morning trading on Friday December 30, amid calmer market conditions as the year-end approaches and despite hesitation over China's ongoing Covid-19 situation.

SHFE base metals stocks mostly up

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses were mostly up during the week to Friday December 30, with copper increasing the most in percentage terms at 26.9%, and lead recording the largest drop of 16%.

LME base metals mostly trade sideways as end of year approaches

Base metal prices on the London Metal Exchange were mixed at the close on Thursday December 29 as the market prepared for the end of the year.

LME copper price dips despite mine disruption, further 25kt aluminium cancellation

Base metals prices on the London Metal Exchange mostly trended lower in the morning of Thursday December 29, with trading volumes low as the seasonal lull appears to have taken full effect.

LME base metal markets mixed as seasonal low liquidity continues

London Metal Exchange base metal prices have been mixed, with thin trading conditions between Christmas and New Year.

LME base metals find support from China reopening, nickel up 5%

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Wednesday December 28, but volumes remained muted following the recent holiday period.

China’s rapid spread of Covid-19 has limited effect on metal production and logistics; demand outlook mixed

A surge in Covid-19 infections following the Chinese government’s relaxation of its “zero-Covid” policy earlier this month has had some effect on the domestic metals market, sources told Fastmarkets.

LME base metals largely up, but aluminium slides at 5pm close

With the exception of a small slide in aluminium prices, base metal prices on the London Metal Exchange were predominantly up at the 5pm close on Friday December 23.

Automakers’ preference for ‘green’ aluminium supports emerging sustainability sector

Automotive manufacturers who opt for “green” aluminium are lending support to the emerging sustainability sector and creating a viable marketplace for such products.

Australian alumina price rally likely unsustainable, despite rising aluminium production in China

Market participants are optimistic that aluminium production in China will increase next year due to additional capacity and improving hydro power supply, but the alumina requirements may still not be enough to sustain a recent rise in Australian alumina prices.