Trends - Aluminium prices - Business Recorder

Markets

Chile supply concerns help copper bounce

"The potential for disruptions in Chile is creating some jitters, but the dollar is up and China growth is slowing".

Published 10 Aug, 2021 06:15pm

Markets

Aluminium streaks to three-year highs on Chinese power cuts

LONDON: Aluminium prices climbed to the highest in over three years on concern about reduced supplies in top ...

Published 01 Aug, 2021 04:46am

Markets

Shanghai aluminium up on supply woes

SHANGHAI: Shanghai aluminium prices rose on Friday, hovering near a 11-year high, on supply worries in China amid a...

Published 31 Jul, 2021 04:05am

Markets

Aluminium streaks to three-year highs on Chinese power cuts

LME tin touches record high above $35,000 a tonne
Zinc also gains on Yunnan power cuts

Published 30 Jul, 2021 08:37pm

Markets

Copper knocked by dollar's gains as Fed meeting in focus

Benchmark copper on the London Metal Exchange lost 0.7% to $9,737 per tonne
The bank's three-month, six-month and 12-month price target for copper is $10,500/t, $11,000/t and $11,500/t, respectively.

Published 27 Jul, 2021 06:28pm

Markets

Tin near record on supply concerns, nickel jumps to 5-month high

Benchmark tin on the London Metal Exchange, the best performer among the metals complex this year, touched a high of $33,590 a tonne, within striking distance of a April 2011 high of $33,600.

Published 16 Jul, 2021 08:24pm

Markets

Copper slips from three-week high as dollar strengthens

Three-month copper on the London Metal Exchange (LME) declined 1.1% to $9,407 a tonne.
Copper has pulled back from the record peak of $10,747.50 touched in May, partly because of weak copper demand in China.

Published 06 Jul, 2021 08:15pm

Markets

Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Benchmark copper on the London Metal Exchange gained 0.9% to $9,461 a tonne in official trading.
Prices of the metal used by investors to make bets on manufacturing and economic growth earlier touched $9,536, the highest since June 16.

Published 05 Jul, 2021 06:37pm

Business & Finance

Russia prepares to hit metals firms with $2.3bn in export taxes in Aug-Dec

Officials say taxes will protect domestic market in Aug to Dec.
Moscow to prepare permanent mechanism for metal exports for 2022.

Published 24 Jun, 2021 06:37pm

Markets

Copper prices slip on US inflation jitters

"The market still looking at clues to see what the Fed's temperature is with regards to rates," said Nitesh Shah.
The dollar edged lower but remained near a two-month high, still making copper which is priced in the US greenback less attractive to global buyers.

Published 24 Jun, 2021 04:36pm

Markets

Copper edges higher ahead of Fed chair's testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6% last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 06:17pm

Markets

Copper sell-off continues as prices hit 10-week low

Benchmark copper on the London Metal Exchange (LME) was down 0.4% at $9,108.50 a tonne.
The metal used in power and construction hit a record high of $10,474.50 in May. Prices fell 8.6% last week.

Published 21 Jun, 2021 05:05pm

Markets

China May aluminium output slips

BEIJING: China’s primary aluminium output fell slightly in May versus April, official data showed on Wednesday, as...

Published 20 Jun, 2021 03:39am

Markets

Copper heads for its biggest weekly tumble since March 2020

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,238 a tonne.
The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.

Published 18 Jun, 2021 05:28pm

Markets

Copper hits 7-week low as China to sell strategic stockpiles

No doubt that Chinese efforts to curb prices is playing out and having a negative impact on otherwise bullish price sentiment. It highlights a market that has lost momentum.
Three-month copper on the LME slipped 0.3% to $9,538 a tonne in official trading after earlier touching its lowest since April 23 and slumping by 4% on Tuesday.

Published 16 Jun, 2021 06:15pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

Copper set for weekly fall on China price-curb fears

Three-month copper on the London Metal Exchange fell 0.2% to $9,871 a tonne.
The most-traded July copper contract on the Shanghai Futures Exchange declined 0.8% to 70,920 yuan ($11,106.76) a tonne and was also set for a weekly decline.

Published 11 Jun, 2021 06:35pm

Markets

Copper falls on China's pledge to cool prices, low premiums

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,834.50 per tonne in official trading.
Copper inventories climbed 2,100 tonnes to a one-month high of 131,775 tonnes.

Published 10 Jun, 2021 08:26pm

Markets

Copper falls on China's pledge to cool metals prices

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,832 per tonne.
China is looking to release 800,000-900,000 tonnes of primary aluminium.

Published 10 Jun, 2021 06:21pm

Markets

China eyes releasing up to 900,000 tonnes of aluminium reserves

"The stock releases could ... offset some of the shortages caused by imposed curtailments in Yunnan and Inner Mongolia."
China churned out 3.35 million tonnes of primary metal in April.

Updated 10 Jun, 2021 04:49pm

Markets

World’s largest aluminium producer still short of metal

LONDON: April was another record month for Chinese aluminium production, the latest in a series stretching back over...

Published 09 Jun, 2021 03:29am

Markets

Copper slips on worries about Chinese demand after trade data

China's copper imports fell 8% in May from the previous month as record-high prices further eroded buying interest while overall export growth missed analysts' forecasts.
Three-month copper on the London Metal Exchange had shed 0.6% to $9,890 a tonne by 1430 GMT after rising by 1.7% on Friday.

Published 07 Jun, 2021 08:51pm

Markets

Copper slips on worries about Chinese demand after trade data

Three-month copper on the London Metal Exchange shed 0.9% to $9,864 a tonne in official trading after rising by 1.7% on Friday.
Hansen said if prices extended their retreat, they would likely head towards the 50-day moving average around $9,655.

Published 07 Jun, 2021 06:10pm

Markets

Copper rebounds on bargain hunting after steep fall

Three-month copper on the London Metal Exchange (LME) gained 0.8% to $9,866 a tonne in official trading, having lost as much as 3.8% in the previous session.

Published 04 Jun, 2021 06:45pm

Markets

Copper edges lower on China demand concerns

Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.

Published 28 May, 2021 08:41pm

Markets

Copper rises as strike fears and Chinese data reassure bulls

Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.

Published 27 May, 2021 08:27pm

Markets

China crackdown on prices subdues industrial metals

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,961 a tonne in official rings.
Prices of the metal used widely in the power and construction industries have fallen 7% since hitting a record high at $10,747.50 a tonne earlier this month.

Published 25 May, 2021 08:16pm

Markets

LME official prices

LONDON: The following were Thursday official prices....

Published 22 May, 2021 04:05am

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.

Published 21 May, 2021 08:20pm

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since January after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.

Published 21 May, 2021 04:45pm