July 2023

LME aluminium and zinc prices climb 2.7% to finish July on a high

Base metals prices on the London Metal Exchange were mixed at the close on Monday July 31, with aluminium and zinc the strongest performers.

Australian alumina price ticks upward as liquidity returns

Key data from Fastmarkets’ alumina pricing session on Monday July 31.

LME base metals prices muted at month end

Base metal prices on the London Metal Exchange were mixed in direction at 9am on Monday July 31, with most of the complex recording only small movements on the last trading day of the month.

Aluminium billet premiums continue to trend lower on key global locations

Global aluminium billet markets continued on a downward trend in the month to Friday July 28 amid poor demand from end-user sectors.

LME base metals prices hold onto daily, weekly gains

Base metals prices on the London Metal Exchange were higher at the 5pm close on Friday July 28, with the whole complex gaining week on week.

SHFE base metals stocks moves mixed; copper down more than 20%

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses showed mixed movements in the week to Friday July 28, with copper volumes falling 21.32%, while lead stocks were up by 20.43%.

LME three-month nickel price up 0.9%, others mostly steady

Three-month base metals prices on the London Metal Exchange were broadly steady during morning trading on Friday July 28, with no metal moving by more than 1% since the previous day’s 5pm close.

Nickel, lead prices buck downtrend among SHFE base metals

Most base metal prices on the Shanghai Futures Exchanges, apart from nickel and lead, pulled back during morning trading on Friday July 28 after the positive sentiment generated by the Chinese Communist Party’s Politburo meeting earlier this week moderated in the market.

LME base metals price moves mixed; exchange to allow zinc jumbos

Base metals price movements on the London Metal Exchange were mixed at the 5pm close of trading on Thursday July 27, following a muted reaction to the US Federal Reserve bank’s interest rate rise the day before.