June 2023

LME base metals boosted by weaker US dollar but largely down from early 2023

Base metals futures prices on the London Metal Exchange were mixed at the 5pm close on Friday June 30, with aluminium and nickel trading lower while the rest of the complex showed strength into month, quarter, and half-year end.

Global aluminium premiums remain under pressure

Global aluminium billet markets continued to experience weak demand during the month to Friday June 30, which put pressure on premiums.

SHFE base metals stocks diverge; aluminium, lead slide heavily

Deliverable stocks of base metals in Shanghai Futures Exchange (SHFE)-registered warehouses exhibited mixed moves in the past week, with aluminium stocks falling by 25.2% and that of lead by 30.3%, according to the exchange’s weekly stock report.

LME base metals mixed amid strengthening dollar; tin jumps 2.5%

Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Friday June 30, with a stronger US dollar and weak macroeconomic data from China weighing on the market.

Atlantic, Pacific alumina markets constrained by lack of liquidity

Key data from Fastmarkets’ alumina pricing session on Thursday June 29.

LME base metals prices muted following Wednesday’s losses

Base metal prices on the London Metal Exchange were subdued across the complex on the morning of Thursday June 29 following the previous day’s losses.

Further weak economic data from China pressures LME base metals futures lower

Base metal futures prices on the London Metal Exchange were subject to a broad-based sell-off by the 5pm close on Wednesday June 28, following further weak economic sentiment emerging from China.

LME base metals prices mixed ahead of talks at ECB Forum on Central Banking

London Metal Exchange base metal prices were largely directionless during morning trading on Wednesday June 28, while nickel recorded a loss of over 1% despite rallying on Tuesday.

Global aluminium premiums mixed, premiums in Europe and Japan decline

Movement for aluminium premiums worldwide was mixed in the week to Wednesday June 28, while aluminium demand was generally weak in most markets.

LME base metals prices mostly swing upward but copper dips

The majority of London Metal Exchange three-month base metals prices moved upward on Tuesday June 27, with the prices of four metals rising by more than 2%. Only copper bucked the trend, falling by 0.3%.