September 2023

LME base metal prices half up, half down at quarter-end

Changes in base metals prices on the London Metal Exchange went in both directions at the 5pm close of trading on Friday September 29, on both daily and weekly comparisons, with copper, aluminium and zinc all up in price, and nickel, lead and tin all down.

Early deals agreed at much-reduced MJP aluminium premium for Q4

A number of deals for the supply of aluminium P1020A to Japan in the fourth quarter of 2023 have been concluded at a premium of $97 per tonne CIF main Japanese ports (MJP), industry sources told Fastmarkets on Friday September 29.

LME zinc price builds on Thursday’s 5% gain, tin under pressure

Three-month base metals prices on the London Metal Exchange were mostly up during morning trading on Friday September 29, with zinc pushing higher after a 5% gain on Thursday and copper climbing to its highest level in more than a week.

LME base metals prices mostly higher, zinc 5% up at close of trading

Base metal prices on the London Metal Exchange were mostly higher at the 5pm close of trading on Thursday September 28, with zinc leading the trend.

Proposal to launch two aluminium low-carbon differentials for VAP: pricing notice

Fastmarkets proposes to amend the specifications of its low carbon differentials and re-launch them via two new differentials.

Base metal warrant report for September 27

A summary of the London Metal Exchange warrant premiums from across the globe in the fortnight ended Wednesday September 27.

Aluminium spot buying interest in Japan depressed amid weak yen

Weak buying interest for aluminium in Japan has been dampened further by a depreciating yen due to the country maintaining its monetary policy, which has been keeping the yen under pressure and causing import prices to rise.

LME base metals prices mostly up ahead of Chinese public holiday

Three-month base metal prices on the London Metal Exchange, with the exception of nickel, were broadly higher at the open of trade on Thursday September 28 due to quarter-end profit taking and bullish sentiment from China.

SHFE base metal prices broadly higher; lead makes sole loss

Base metal prices on the Shanghai Futures Exchange (SHFE) were broadly higher during morning trading on Thursday September 28, with nickel the complex's best performer, while lead registered the only loss.

LME base metals prices mixed; US dollar at year-to-date high

London Metal Exchange three-month base metals prices were largely down at the 5pm close on Wednesday September 27, with only nickel and copper pushing up.