11 January 2024: The LME three-month aluminium price is up 6% in the past month, making it the best performing base metal during this period. Market fundamentals are supportive, with SHFE prices trading at a premium to the LME and the raw material market tightening, due to problems with bauxite supply in China and Guinea. […]
January 11, 2024 - Dan Smith
15th December 2023: LME three-month copper prices have risen in the past month, helped by significant problems with mine supply in Latin America. Also, contract treatment charges (TCs) have been cut, as miners gain the upper hand with smelters in China, amid a tight raw materials market. Furthermore, Chinese copper imports have bounced back and […]
December 15, 2023 - Dan Smith
25th November 2022: Base metal prices have rallied in recent weeks with PMI survey data for November suggesting some improvement in Europe and the USD has fallen back, helping to lift commodity prices. However, high frequency data from China shows a sharp slowdown in activity in recent weeks and a severe lockdown is evident in […]
November 28, 2022 - Dan Smith