Trends - Aluminium prices - Business Recorder

Markets

Copper drifts lower as focus turns to US Fed meeting

Benchmark copper prices on the London Metal Exchange (LME) shed 2.1% to $9,418 a tonne in official rings

Published 16 Sep, 2021 07:54pm

Markets

Industrial metals slip as caution rules ahead of inflation data

Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9,416 a tonne in official trading having fallen 1.3% on Monday

Updated 14 Sep, 2021 05:56pm

Markets

Nickel hits highest since 2014

LONDON: Nickel prices rose on Thursday to their highest since 2014 as strong demand ate into stockpiles held in the...

Published 10 Sep, 2021 04:41am

Markets

Aluminium hits 13-year high on supply concerns

LONDON: Aluminium prices powered to a 13-year high on Wednesday on supply concerns triggered by production...

Published 09 Sep, 2021 03:56am

Markets

Aluminium advances on China supply fears

"If China is serious about good environmental outcomes and decarbonisation, then (aluminium) output will be slower," says analyst Nitesh Shah

Updated 08 Sep, 2021 06:09pm

Markets

Chile copper exports soar in August on high prices

Total exports of copper jumped to $4.383 billion last month, more than half the value of the country's overall exports, which hit $7.822 billion in August

Published 07 Sep, 2021 06:02pm

Markets

Aluminium edges lower, but clings to 10-year high

Benchmark three-month aluminium on the London Metal Exchange shed 0.5% to $2,760 a tonne in official trading

Updated 07 Sep, 2021 05:50pm

Markets

Guinea turmoil pushes aluminium to 10-year high

LONDON: Aluminium prices rose on Monday after reports of a coup in Guinea triggered concerns that supply of bauxite,...

Published 07 Sep, 2021 06:25am

Markets

Guinea turmoil pushes aluminium to 10-year high

Aluminium on the London Metal Exchange (LME) was up 1.1% at $2,757 a tonne
Prices are up about 40% this year.

Published 06 Sep, 2021 05:04pm

Markets

Aluminium hits 10-year high

LONDON: Aluminium prices were driven to a 10-year high on Thursday by growing concern that restrictions on ...

Published 03 Sep, 2021 04:58am

Markets

Aluminium rises to 10-year high as supply fears grow

Aluminium on the London Metal Exchange (LME) was up 0.6% at $2,705.50 a tonne after touching a peak of $2,734.50

Published 02 Sep, 2021 06:14pm

Markets

Aluminium prices lifted to 10-year high by China concerns

LONDON: Aluminium prices hit their highest in more than 10 years on Tuesday as smelters in top producer China faced...

Published 01 Sep, 2021 03:59am

Markets

Aluminium prices lifted to 10-year high by China concern

The region is China's third-biggest producer of alumina, a primary product of aluminium, with output of 925,500 tonnes in July

Published 31 Aug, 2021 05:48pm

Markets

Shanghai aluminium touches 13-year high on supply worries

SHANGHAI: Shanghai aluminium prices climbed on Monday to their highest in more than 13 years on supply worries in...

Published 31 Aug, 2021 04:03am

Markets

China curbs propel aluminium prices to highest since April 2018

LONDON: Aluminium prices soared to their highest level in more than three years on Friday as worries about supplies...

Published 28 Aug, 2021 03:54am

Markets

China curbs propel aluminium to highest since April 2018

Aluminium traded up 1.4% at $2,655.5 a tonne in official rings
It's all to do with China and output curbs, which are mostly to do with cutting emissions, unusual in the summer months

Updated 27 Aug, 2021 06:23pm

Markets

Copper claws higher on physical demand, but jittery on rates

The market is suddenly looking stronger, we have buyers out there for the physical stuff, not just the financial players

Published 24 Aug, 2021 05:10pm

Markets

LME aluminium could test resistance at $2,626 this week

SINGAPORE: LME aluminium could test a resistance at $2,626 a tonne this week, a break above could lead to a gain at...

Published 24 Aug, 2021 05:02am

Markets

Aluminium muscles higher on weak China supply, US shortages

LONDON: Aluminium prices pushed higher on Tuesday on renewed supply worries over power issues in top producer China,...

Published 18 Aug, 2021 04:00am

Markets

Copper recoils on Chile mine deal, firmer dollar

Losses were modest, however, after US lawmakers approved a $1 trillion infrastructure spending bill
Copper has pulled back from a record peak of $10,747.50 touched in May, but is still up 22% so far this year.

Published 11 Aug, 2021 05:56pm

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