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Industrial metals

LME to announce open outcry ring decision in early June
Markets

LME to announce open outcry ring decision in early June

  • The exchange, the world's oldest and largest market for industrial metals, announced a proposal in January to move to full electronic trading and held a consultation.
  • "The LME received an unprecedented volume of feedback ... with 192 individual responses," it said.
Published 30 Apr, 2021 06:23pm
Copper prices slide
Markets

Copper prices slide

LONDON: Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking...
Published 30 Mar, 2021 05:45am
Nickel collapse triggers slide across industrial metals
Markets

Nickel collapse triggers slide across industrial metals

  • Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst day since October as it lost 4.2% to $8,720.
  • Nickel, meanwhile, tumbled for a second day. Having reached a seven-year high of $20,110 last week, it traded at $16,175 a tonne, down 7.1% and set for its biggest one-day loss since 2016.
Updated 04 Mar, 2021 09:51pm
Worry about Indonesian supplies fuel nickel's surge
Markets

Worry about Indonesian supplies fuel nickel's surge

  • Benchmark nickel on the London Metal Exchange was up 4.9% at $17,425 a tonne.
  • Earthquakes in Indonesia triggered nickel buying, but it's a knee-jerk reaction and I'm not sure these levels can be sustained as production hasn't really been affected.
Published 04 Jan, 2021 06:03pm