15 October 2024: Data on LME COTR speculative positions (for the week ending 11 October) were released this afternoon. The data showed that there was a shift in investor sentiment, with net positions falling for all the base metals, except nickel. Moreover, long liquidation dominated for aluminium, copper, lead and zinc. By contrast, nickel saw […]
October 15, 2024 - Dan Smith
24 September 2024: The LME base metals complex saw mixed price trends in the past year, with aluminium, copper and zinc all up, while tin prices soared. The OECD countries saw sharp falls in inflation and US interest rates were cut, helping to boost financial markets and commodities more generally. Speculative positions have increased for […]
September 26, 2024 - Dan Smith
25 April 2024: Base metal prices have soared in the past month, with additional sanctions on Russia combining with improving fundamentals. The LME was forced to act twice in April to impose restrictions on Russian metal deliveries and then to tighten rules around rent-sharing deals to maintain liquidity. This has created a confusing picture of […]
April 29, 2024 - Dan Smith