LME publishes off-warrant stocks data showing extra 1 mln tonnes of Al off-warrant

The London Metal Exchange has released off-warrant stock data to the market in a bid to increase transparency of global metal availability.

09 July 2020 Alice Mason

LIVE FUTURES REPORT 09/07: LME copper rallies to $6,300 at close; nickel falls 1.5%

The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday July 9, continuing to test levels last seen in January despite a volatile forward curve, while nickel lost ground into the afternoon despite high turnover across the base-metals complex.

09 July 2020 Hassan Butt

LIVE FUTURES REPORT 09/07: LME copper price soars 2% to breach $6,350/t; 15,000t fresh cancellation in zinc

The three-month copper price on the London Metal Exchange was higher during morning trading on Thursday July 9, with price action pushing firmly above nearby resistance levels, while a sizeable fresh cancellation in LME zinc stocks saw the metal’s underlying price also rally.

09 July 2020 Hassan Butt

PEOPLE MOVES: Sucden appoints Socgen’s Alan Burr to Hong Kong LME metals desk

UK Trading house Sucden Financial has appointed ex-Société Générale metals trading head Alan Burr to its London Metal Exchange metals and options desk in Hong Kong, the company said on Thursday July 9.

09 July 2020 Amy Hinton

MORNING VIEW: Metals stronger as supply fears dominate, especially for copper, zinc

Broad markets were managing to remain upbeat this morning, Thursday July 9, despite the rapid spread of the Covid-19 virus across some continents, while the base metals were rallying on the back of numerous supply disruptions, especially affecting copper and zinc.

09 July 2020 William Adams

BASE METALS WARRANT REPORT 08/07

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 8.

08 July 2020 Fastmarkets MB staff

LIVE FUTURES REPORT 08/07: LME aluminium price rallies to three-month high in high-vol trading

The London Metal Exchange three-month aluminium price closed at its highest since March 16 on Wednesday July 8, up 1.8% on the previous day’s close at $1,665 per tonne after 20,000 lots changed hands over the course of the trading day.

08 July 2020 Amy Hinton

LME to keep ring closed despite easing lockdown in London

The London Metal Exchange will keep its open outcry trading ring in London closed despite the United Kingdom easing its lockdown restrictions, it announced on Wednesday July 8.

08 July 2020 Alice Mason

GLOBAL ZINC & LEAD WRAP: Premiums hold while market awaits ex-China recovery

Zinc and lead premiums remained flat globally in the week to Tuesday July 7 with the markets cautiously looking to the coming months for demand rebounds, countered by fears of a new wave of Covid-19 infections.

08 July 2020 Anna Xu, Julian Luk, Hassan Butt, Orla O'Sullivan, Michael Roh

LIVE FUTURES REPORT 08/07: LME zinc hits 4-month high above $2,100/t in 1.7% upswing

The London Metal Exchange three-month zinc price surpassed the $2,100-per-tonne psychological level for the first time since February 24 to trade up 1.7% to $2,106 per tonne from the previous day’s close at $2,070 per tonne during the morning session on Wednesday July 8.

08 July 2020 Amy Hinton