Nickel – Metal Bulletin reported that nickel on the London Metal Exchange (LME) rose to a three-and-a-half-week high yesterday.
Articles Tagged "London Metal Exchange"
Zinc – Metal Bulletin reported that three-month zinc on the London Metal Exchange (LME) closed yesterday at $2,030 per tonne, down from $2,042 the previous day. The yearly rebalancing of commodity index funds is expected to affect zinc the most.
Copper – Three-month copper on the London Metal Exchange today rose $1.48, to $7,383.25 a tonne.
Nickel – Metal Bulletin reported that during today's official London Metal Exchange (LME) session, nickel prices rose to a four-week high on the continuation of a short-covering rally that began last week when Indonesia confirmed it will ban the export of raw materials starting in January.
Moly – Metal Bulletin reported that attendees of its Molybdenum Forum, held in Shanghai this week, believe that it may take the market some time to accept London Metal Exchange (LME) molybdenum prices.
Zinc – Shanghai Metals Market reported that after closing yesterday at US$1,893 per metric ton (MT), zinc on the London Metal Exchange (LME) is expected to trade between US$1,885 and $1,905 per MT today.
Cobalt – The Financial Times reported that the $2-billion cobalt industry, which for over two decades has used Metal Bulletin price assessments as a benchmark for transactions, is now switching over to the London Metal Exchange contract. Though the move is not expected to happen overnight, it is being described as "inevitable."
Moly – Molybdenum prices were fairly flat during October, but in Europe the metal managed to make some unexpected gains.
Nickel – MetalBulletin reported that this week, Jinchuan Group Ltd., China's largest nickel producer, has raised its benchmark nickel price by almost 5 percent. The move follows the metal's price gains on the London Metal Exchange.
Zinc – MetalBulletin reported that London Metal Exchange (LME) zinc prices fell as much as 1.9 percent on an intraday basis after 75,000 tonnes of the metal were delivered to New Orleans-based exchange warehouses overnight.