November 2021

Nickel back above $20,000/t with slight pick ups for all LME prices

All London Metal Exchange futures prices were up at the end of trading on Monday November 29, with dip-buying present in the complex following a steep sell off across risk assets on Friday following the discovery of a new Covid-19 variant.

Copper, aluminium, nickel up on LME after drops on Friday and Covid variant concerns

Base metals prices on the London Metal Exchange were mixed but largely stronger during morning trading on Monday November 29, with copper, aluminium and nickel all trading up after prices dropped on Friday amid growing concerns over the new coronavirus variant Omicron.

China's largest smelters, steelmakers take first concrete steps toward carbon neutrality

China, the world’s largest carbon producer, has pledged to achieve carbon neutrality by 2060.

LME base metals rise as markets shake off initial Omicron Covid-19 variant concerns

All base metals prices on the London Metal Exchange were stronger during the morning of Monday November 29, as traders took a wait-and-see approach toward the Omicron variant of Covid-19.

Five key stories from November 26

Here are five Fastmarkets stories you might have missed on Friday November 26 that are worth another look.

Aluminium down to $2,600/t in LME sell-off on new Covid-19 variant fears

An intense sell-off hit London Metal Exchange base metals prices and other risk assets on Friday November 26, with fears over a new Covid-19 variant in Southern Africa dampening a previously bullish week.

Prices drop by 2% and more across LME on new variant fears

The emergence of a new variant of Covid-19 in South Africa has stirred bearishness across markets on the morning of November 26, taking down all London Metal Exchange futures prices.

SHFE base inventories mixed with copper up 19.9%; tin down 22.2%

Changes in deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouse were mixed during the week to Friday November 26, with copper logging the biggest gain in percentage terms with 19.9%, while tin was down by 22.2%.

Base metals prices mainly down with markets nervous about new Covid-19 variant

Most base metals prices on the London Metal Exchange and Shanghai Futures Exchange were down during morning trading on Friday November 26 following the emergence of a new Covid-19 variant, which health officials fear vaccines may not be effective against.

LME tin price retreats after sharp rally to close below $40,000 per tonne

Base metals prices on the London Metal Exchange were lower at the close of trading on Thursday November 25, although aluminium and lead bucked that the trend to show slight increases.