Shanghai zinc price soars to near 15-year high

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 […]

Read more

Healthy demand, shortages – and now the Russia-Ukraine crisis – spur nickel’s climb to decade highs

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 […]

Read more

Aluminium prices jump amid supply concerns on report of China smelter blast

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 […]

Read more