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LME market

Nickel firms but remains set for biggest weekly loss since 2011

Nickel firms but remains set for biggest weekly loss since 2011

  • The metal is mainly used in stainless steel, but demand for battery grade nickel for electric vehicles is expected to boom in as the world moves towards a lower-carbon economy.
  • Benchmark three-month nickel edged up 1.5% to $16,379 a tonne in official trading but was still on track for a weekly loss of about 11%, its biggest since September 2011.
Published 05 Mar, 2021 09:15pm
Copper leaps to 9-year high
Markets

Copper leaps to 9-year high

LONDON: Copper rose to its highest since April 2012 on Thursday as Chinese investors returning from a week-long...
Published 19 Feb, 2021 04:07am
Tight supply pushes tin prices to highest since 2014
Markets

Tight supply pushes tin prices to highest since 2014

  • The premium on the London Metal Exchange (LME) for tin that can be quickly delivered has ballooned as stockpiles in the exchange's warehouse system near record lows.
  • "There's a mismatch of supply and demand, a shortfall that will continue," said independent analyst Robin Bhar.
Published 25 Jan, 2021 06:50pm