November 2023

LME base metals mostly down after weak economic data from China

Three-month London Metal Exchange base metal prices were mostly down at the 5pm close on Thursday November 30, with nickel posting the most dramatic decline, falling 2.8% and losing gains made over the previous two days.

Weak Chinese PMI data forks SHFE base metal price movement

Base metal prices on the Shanghai Futures Exchange (SHFE) movements were evenly split during morning trading session on Thursday November 30 after China’s manufacturing purchasing managers index (PMI) data was released on the same day.

LME base metal prices broadly stable; rises for nickel, tin

Changes in three-month base-metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday November 29, with only nickel and tin showing marginal gains.

China spot copper premiums continue to rise; US, European markets quiet

Spot copper markets in China continued to push higher in the week to Tuesday November 29. The market was active, but focus remained on prompt arrivals, according to participants.

LME base metals mostly lower on Wednesday morning

The three-month prices on the London Metal Exchange were mostly lower across the base metals complex on the morning of Wednesday November 29, with nickel shedding all of its recent gains.

First Quantum declares force majeure, production suspension at Cobre Panama following Supreme Court ruling

First Quantum Minerals Ltd. has declared force majeure on supplies of copper concentrates from its Cobre Panama mine, several receivers of the company’s copper concentrates told Fastmarkets on Wednesday November 29.

SHFE nickel rebounds amid mixed base metal price movements

Nickel contract prices on the Shanghai Futures Exchange (SHFE) during morning trading on Wednesday November 29, following an over 4% price plunge two days prior.

LME base metals prices mostly reverse earlier losses, nickel up 4.3%

The three-month price of nickel on the London Metal Exchange had jumped by 4.3% by the 5pm close of trading on Tuesday November 28, but the other base metals showed much smaller changes on the day.

LME base metals prices little changed; nickel, tin regain some of Monday's losses

Three-month base metal prices on the London Metal Exchange were little changed during morning trading on Tuesday November 28 following widespread weakness at Monday’s 5pm close, with the exception of nickel and tin which were up by 1.9% and 1.4% respectively.

Tin down 2.68% amid SHFE base metal price downtrend

Base metal prices on the Shanghai Futures Exchange (SHFE), barring nickel, fell during morning trading Tuesday November 28, with tin registering the biggest loss, amid high supplies of the material.