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.
Articles Tagged "London Metal Exchange"
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.
Copper – Reuters reported that after rising to its highest price in almost a month earlier today, benchmark copper on the London Metal Exchange (LME) edged lower, trading at $7,280 per tonne.
Nickel – Shanghai Metals Market reported that after surveying 36 nickel market players, it found that 78 percent are optimistic about where London Metal Exchange (LME) nickel prices will go this week. They think prices will likely consolidate at US$14,500 per metric ton (MT) and touch $15,200 per MT.
Nickel – MetalBulletin reported that nickel prices fell further in trading on the London Metal Exchange in part due to a stronger euro.
Copper – Three-month copper prices fell today before bouncing back to $6,882 a tonne on the London Metal Exchange.