December 2023

LME base metal prices mixed after disappointing data from China

Base metal prices on the London Metal Exchange remained mixed across the complex on the morning of Thursday December 7, following disappointing economic data from China.

Tin escapes downward movement in SHFE base metal prices

Base metal prices on the Shanghai Futures Exchange (SHFE) movements were broadly down across the board during the morning trading session on Thursday December 7, with tin the sole metal to record an increase.

Midweek LME base metals prices mixed; tin increases by 2.42%

Base metal prices on the London Metal Exchange were mixed across the complex at the 5pm close on Wednesday December 6.

Trafigura issues statement over investigations; court case in Switzerland to go ahead

Trafigura on Wednesday December 6 issued a statement regarding investigations by US, Swiss and Brazilian authorities, with a case in Switzerland heading to court.

LME base metal prices broadly up; large zinc cancelation

Three-month base metal prices on the London Metal Exchange (LME) were broadly higher during morning trading on Wednesday December 6, with lead the only metal to post a decrease.

China copper premium down; Southeast Asia, US premiums stable

China’s premium for copper cathodes imports fell in the week to Tuesday December 5, with buyers cautious toward spot buying at year’s end, while those in Southeast Asia and United States markets were unchanged amid quiet trading, sources told Fastmarkets.

Nickel, tin price gain over 3% during morning trading on SHFE

Nickel and tin prices on the Shanghai Futures Exchange (SHFE) increased by over 3% during morning trading on Wednesday December 6, with the rest of the base metals complex recording marginal movements.

Vale Base Metals gives guidance for 2026 turnaround; exec leaves company

Brazilian miner Vale released its 2024 production outlook for the base metals division on Tuesday December 5 and noted that a long-lasting turnaround process was set to be completed by 2026.

LME base metals prices down across the complex as dollar strengthens further

Base metals prices on the London Metal Exchange were down across the complex at the 5pm close on Tuesday December 5, while the US dollar strengthened further.

Stronger dollar, 7,000 tonne copper delivery push down LME base metals prices

Base metal prices on the London Metal Exchange were lower across the board during morning trading on Tuesday December 5, with the complex coming under pressure from a stronger dollar, and extending losses from the preceding day.