August 2023

LME nickel price drops 1.6%, rest of base metals complex mixed

Base metals prices on the London Metal Exchange were mixed at the 5pm close on Thursday August 31, with nickel the worst performer.

Aurea to end smelting of aluminium alloys at French subsidiary Affimet

French recycler Aurea intends to end the smelting of secondary aluminium alloys at its Affimet subsidiary in France, a senior company official told Fastmarkets this week.

Aluminium bucks downtrend in LME base metals prices

Base metals prices on the London Metal Exchange mostly softened during morning trading on Thursday August 31, with only aluminium bucking the trend.

SHFE base metal prices mixed; nickel down 1.3%

Base metal prices on the Shanghai Futures Exchange (SHFE) were mixed during the morning trading session on Thursday August 31.

LME base metals price moves mixed, aluminium up 1.5%

Base metals price movements on the London Metal Exchange were mixed at the 5pm close of trading on Wednesday August 30, with aluminium showing the best performance and rising by 1.5%.

LME base metals prices flat; eyes on stock movements

Base metals prices on the London Metal Exchange were little changed during morning trading on Wednesday August 30, despite numerous stock movements.

SHFE base metal prices rise on lower dollar index; lead up 1.09%

Base metal prices on the Shanghai Futures Exchange broadly increased during morning trading on Wednesday following a weakening of the dollar, with lead the best performer so far.

Growing US capacity to squeeze non-ferrous scrap exports: MRAI Bangkok

Higher capacity for processing and consuming non-ferrous scrap in the United States is likely to reduce exports of those materials in the coming years, according to panelists at last week’s Materials Recycling Association of India (MRAI) conference in Bangkok, Thailand, which was attended by Fastmarkets.

Global aluminium premiums mixed; China bucks the trend

Aluminium premiums were mixed across the globe on Tuesday August 29, with premiums in China rising but other markets still under pressure.

LME base metals largely higher on softer US dollar and improved China sentiment

Base metal prices on the London Metal Exchange were mixed at the 5pm close on Tuesday August 29, with most metals recording daily gains after signs of positive sentiment emerged from China earlier in the day.