Prices of aluminium in India that surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend, CRISIL Research said in a note. Domestic prices are linked to three-month […]
Shanghai zinc prices rallied to their highest since July 2007 last week on worries over supply shortages in top consumer China. The most-traded May zinc contract on the Shanghai Futures Exchange rose as much as 5.4% to 28,995 yuan a tonne ($4,554.16), before settling up 3.2% at 28,395 yuan ($4,459.92). Benchmark zinc on the London Metal Exchange […]
Concerns about supply disruption, historically low global stockpiles and rocketing energy costs have lit a fire under base metals, trumping concerns over the longer term impact of the Ukraine invasion on global growth, rising interest rates in the developed world and a slowing economy in China. Copper for delivery in May rose on the Comex […]
Nickel futures jumped sharply in London to trade above $30,000 a tonne for the first time since 2008 as surging prices created a short squeeze in an already tight market. Nickel rose as much as 13% to $ 30,295 a tonne before settling at $28,919 on the London Metal Exchange on Friday. The metal surged […]
Near the city of Ho Chi Minh giant mounds of aluminium almost a kilometre in length shrouded under tarapaulin that could be worth $ 5 billion by today’s prices, mock the global scarcity of the metal. The hoard was seized as part of a U.S.-led anti-dumping investigation in 2019 focusing on a Chinese billionaire. The […]
Nickel prices climbed to their highest in more than a decade last week as low inventories, healthy demand from manufacturers of electric vehicle batteries and worries about supplies from Russia spurred buying. Benchmark nickel on the London Metal Exchange was up 1.5% at $24,515 a tonne, having earlier hit $24,610 a tonne, the highest since […]
Nickel’s biggest supply squeeze in more than a decade is drawing attention from the London Metal Exchange, as plunging inventories mean buyers are forced to pay massive premiums for immediately available metal. Cash contracts on the LME reached a $90-a-tonne premium to those expiring a day later, the highest since 2010 and nearing levels seen […]
The global refined copper market is expected to be in a significant surplus in 2022, following a small supply deficit in 2021. The refined copper market saw a deficit of 479,000 tonnes (mt) in 2020, according to the International Copper Study Group, or ICSG. ICSG expects a small deficit of 42,000 mt in 2021, with […]
Aluminium prices have surged amid supply disruption worries following a report that a smelter in China had stopped production after an explosion. An aluminium plant in China’s Yunnan province with annual capacity of 300,000 tonnes has stopped production after an explosion on Thursday evening, Shanghai Metals Market reported. The most-traded January aluminium contract on the […]
Aluminium prices have peaked, climbing to its highest level in more than 13 years, driven by concerns over supply in China, the world’s biggest consumer and producer of the metal. The most-traded October aluminium contract on the Shanghai Futures Exchange (ShFE) rose as much as 5.1% to 23,770 yuan ($3,683.27) a tonne, the highest level […]
