Aluminium
Most base metals prices up on session
by Brian Turner
In the metals markets on Tuesday, Zinc hit another record high, hitting $4,300 per tonne during the session after London Metal Exchange inventories fell again. Analysts have predicted that the price of zinc could reach $5,000 per tonne by the end of the year. Three-month lead was trading at $1,630 per tonne at […]
Zinc hits new high on declining inventories
by Brian Turner
In the metals market, gold added $8 by late in the day in London, to $606.20/$607.20 per troy ounce after hitting $610 per troy ounce earlier. Among base metals, zinc managed a new record high, trading at $4,190 per tonne on the London Metal Exchange after inventories in LME warehouses dropped 1,850 tonnes during […]
Base metals prices mixed
by Brian Turner
Metals prices were mixed on Thursday. Among base metals, zinc was higher as inventories dropped, while lead prices declined and the price of copper remained about the same. London Metal Exchange warehouses saw their zinc inventories drop another 1,750 tonnes, sending the metal’s price 1.5 percent higher to $4,100 per tonne. Lead […]
Copper prices drop on increased inventories
by Brian Turner
In the metals markets on Wednesday, gold was 1.6 percent higher to $590.50 per troy ounce. In base metals, copper dropped 0.5 percent to $7,455 per tonne on London Metal Exchange stockpiles there grew by 3,450 tonnes and on rumors that China was getting ready to sell 2,000 to 3,000 tonnes during the week. […]
Zinc prices lower despite inventory declines
by Brian Turner
In the metals markets, gold added 0.2 percent to $581.30 per troy ounce after having dropped to $573.85 per troy ounce earlier in the session. Base metals prices, however, were down on the session. Zinc dropped 0.4 percent to $3,905 per tonne even though London Metal Exchange inventories dropped another 2,525 tonnes to […]
Metals prices mixed on lower oil, inventories and strike issues
by Brian Turner
In the metals markets on Monday, gold dropped 2 percent to $583.70 per troy ounce, following oil downward, while silver traded at $11.62 per troy ounce, platinum was at $1,067 per troy ounce, and palladium traded at $315 per troy ounce.
Base metals were mixed, with nickel and tin higher but zinc, copper, and aluminium lower. […]
Most metals gain on week
by Brian Turner
In the metals markets, gold was down $3 on the session but had climbed $6 over the week to $595.80/$596.80 at mid-afternoon in London. After adding 10 percent Monday to $11,000 per tonne, tin declined during the week back to its starting point of $9,950 per tonne. Three-month nickel ended the week at […]
Metals prices higher; copper holds firm
by Brian Turner
In metals markets on Thursday, gold added 0.9 percent to $598.00 after going as high as $600.30 earlier in the day. Among base metals, lead added 0.7 to $1,505 per tonne, while aluminium was 1 percent higher to $2,741 per tonne, tin gained 1.6 percent to $9,860, zinc was up 1.8 percent to $3,950 […]
Metals prices mixed; gold holds steady
by Brian Turner
In metals markets on Wednesday, prices for nickel and tin were both lower. Tin dropped 3 percent to $9,700 per tonne, while nickel fell 1.4 percent to $30,950 per tonne on predictions of a supply deficit over the next ten years. Copper, however, added 0.1 percent to $7,650 per tonne and aluminium gained […]
Metals prices lower after records
by Brian Turner
Metals prices were lower on Tuesday. Gold dropped 0.8 percent to $587.90 per troy ounce even though tensions over the situation in North Korea remain high. Among base metals, both zinc and nickel prices hit new highs before retreating for losses on the session. Zinc traded as high as $4,020 per tonne […]
Base metals hit new record prices
by Brian Turner
In the metals markets on Monday, supply concerns and low inventories meant a 17-year record high for the price of tin and new all-time high prices for nickel and lead on Monday. Tin added 12.8 percent to $11,000 per tonne late in the day in London on worries about disruptions in supplies from Indonesia.
Nickel […]
Tin prices gain 7.4 percent this week
by Brian Turner
Tin prices added 7.4 percent to $9,750 per tonne after going as high as $9,950 per tonne earlier in Friday’s session. The price gains came after several small smelters in Indonesia were put out of production after three of the facilities were closed by police for operating without proper permits. The closures spurred […]
Lead prices up 1.4 percent
by Brian Turner
In the metals markets on Thursday, gold and sliver remained about the same at $575.50 per troy ounce and $11.27 per troy ounce respectively. In base metals, the price of lead was 1.4 percent higher to $1,474 per tonne, but prices for nickel, copper, and aluminium all dropped. Nickel was down 0.2 percent […]
Metals prices rise on inventories
by Brian Turner
In the metals markets on Wednesday, gold added 0.9 percent to $578 per troy ounce in late trade. Base metals were also higher, on declining inventories. Aluminium was 0.6 percent higher to $2,600 per tonne, while copper added 1.1 percent to $7,515 per tonne. Nickel gained 1.9 percent to $30,250 per tonne […]
South African bank forecasts higher base metals prices
by Brian Turner
Prices for base metals were mixed on Tuesday after Standard Bank of South Africa said that base metals prices are likely to increase next year. The bank said that it expects the average cash price for copper to go up by 2.9 percent, while it forecast that aluminium prices will grow by an average […]
Zinc gains 1.8 percent on prediction
by Brian Turner
New geopolitical tensions triggered by North Korea’s claimed nuclear test had an effect on the metals markets Monday, with gold adding 0.4 percent to $575.80 per troy ounce. The gain in the price of gold led other precious metals higher. Silver gained 2.4 percent to $11.36 per troy ounce, while palladium was 1.4 […]
Base metals prices rise on inventory declines
by Brian Turner
In the metals markets on Thursday, copper added 3.8 percent to $7,300 per tonne after London Metal Exchange stockpiles declined by 2,550 tonnes. Zinc was also up, by 4 percent to $3,436, when LME inventories dropped by 1,625 tonnes. Nickel and aluminium prices were each 2.9 percent higher to $28,900 per tonne and […]
Precious and base metals prices decline
by Brian Turner
In the metals markets, old was 1.4 percent lower to $566.10 per troy ounce, while silver fell 0.9 percent to $10.67 per troy ounce. Platinum and palladium were also lower, by 3.2 percent to $1,079 per troy ounce and 2.3 percent to $293 per troy ounce respectively. Prices for base metals were also […]