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Tin: global stocks at two-year highs after LME squeeze
The amount of tin in London Metal Exchange (LME) stocks has more than doubled in the space of a month. The metal arrived almost daily in response to a sharp compression in the front end of the LME tin curve. The cash premium over three-month delivery jumped to $1,704...
Nickel: price will average $21,000 in Q3 due to increased supply
The price of nickel has underperformed the market this year, becoming the worst performing metal on the London Metal Exchange (LME). The metal fell to a low of $19,937 this year, about 27 per cent lower than its high point in March. Nickel is one of the most important...
Copper: imports into China in June fell by 16.4 % due to continued weak demand
China's copper imports fell 16.4 per cent in June from a year earlier, customs data showed on Thursday, due to a combination of strong domestic production and weak demand in the world's top consumer of the metal. Imports of raw copper and copper products totalled...
Copper: Chinese credit data and falling dollar support prices
Copper prices were supported by credit data from major consumer China and a lower dollar ahead of US inflation data, but doubts about a significant recovery in demand weighed on sentiment. Benchmark copper on the London Metal Exchange (LME) was up 1 per cent at $8,424...