December 2023

LME base metals prices, except copper, end year on high note

Base metals prices on the London Metal Exchange all rose week on week at the close of trading on the last business day of 2023, excluding copper.

Low trading volumes hinder LME base metals price movements

Three-month London Metal Exchange base metals prices started the morning mixed, nickel and tin moved most significantly down 1.7% and 1.3% respectively.

Bullish sentiment a tailwind for China’s domestic alumina prices

Chinese domestic alumina prices rose in the week ended Thursday December 28 amid bullish sentiment due to concerns on raw material bauxite supply shortage and environmental protection policies in northern China, sources told Fastmarkets.

China’s ADC12 prices rally; demand muted amid holiday lull

China’s domestic aluminium ingot alloy ADC 12 prices extended gains in the week ended Wednesday December 27, mirroring strength in Shanghai Futures Exchange aluminium futures, but weak demand meant few suppliers could capitalize on it, sources said.

SHFE base metal prices decline across the board

Base metal prices on the Shanghai Futures Exchange (SHFE) declined across the board during the morning trading session on Friday December 29, with nickel and tin registering the biggest falls.

LME base metals prices mostly down on limited trading

London Metal Exchange three-month base metal prices were mostly down at the 5pm close on Thursday December 28, with copper and nickel leading the declines.

Multiple deals for Q1 MJP aluminium supply conclude at $90/t premium

Several deals for the supply of aluminium P1020A to Japan in the first quarter of 2024 were concluded at a premium of $90 per tonne CIF main Japanese ports (MJP), industry sources told Fastmarkets on Thursday December 28.

LME base metal prices broadly stable on Thursday morning; 27,000 tonnes of aluminium flow into LME sheds

Three-month base metals prices on the London Metal Exchange were broadly stable at the start of trading on Thursday December 28, with the most, bar lead, posting marginal losses.

China's November 2023 base metals imports

A summary of China’s base metals imports in November 2023, according to recently released Chinese customs data.

Weaker dollar a tailwind for SHFE base metal prices

Base metal prices on the Shanghai Futures Exchange (SHFE) all increased during morning trading on Thursday December 28, with aluminium registering the biggest gains.