November 2021

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.

China’s nickel sulfate market quiet amid weak demand

China’s nickel sulfate market was unchanged in the week to Friday November 26 despite high prices for nickel on the London Metals Exchange.

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.

China to curb pollution by non-ferrous metals sectors, lead battery facilities

China has proposed stricter limits on heavy metal pollution, targeting the non-ferrous raw materials sectors involved in processing, lead-battery manufacturing and galvanizing.

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.

LME nickel exceeds $21,000/t amid strengthening base metal futures

Base metal futures on the London Metal Exchange increased across the board at the 9am open on Thursday November 25, continuing weeklong rebounds in many prices off the back of positive economic data.

Base metals prices mixed but mainly stronger on recent positive data

Most base metals on the London Metal Exchange were extending their rebounds on the morning of Thursday November 25, with the main driver appearing to be the robust economic data that has been released so far this week.

Base metal warrants report for November 24

A summary of London Metal Exchange warrant premiums for the week to Wednesday November 24.