LME NICKEL PRICE
Aluminium prices rise on supply concerns. Will the rally sustain?
Aluminium prices surged to two-year highs driven by supply constraints in China and demand optimism. The domestic market followed suit, gaining over 15% this year despite a slide in other industrial metals.
Copper slides as China factory output data disappoints
Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the Shanghai Futures Exchange slid 2% to 78,110 yuan.
Copper hits lowest in more than five weeks on firm dollar
London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.
Domestic copper at lifetime highs; factors affecting the price surge
Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and power grids. Goldman Sachs predicts major copper market deficit with US manufacturing rebound.
Copper and aluminium prices at multi-year highs. Here’s why
Looking ahead, as prices are hovering near multi-year highs, there are chances of a technical correction, but such moves are unlikely to set into major liquidation. Since the supply-demand dynamics are supportive of prices, the ongoing positive sentiment will remain intact for the short run.
Metals whipsawed as US, UK sanctions on new Russian supplies rattle LME
But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers view the ability to deliver on the LME as essential.
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LME ban on Russian origin metals to see aluminium, copper & nickel prices go up in short term: Amit Dixit
ICICI Securities' Analyst, Amit Dixit, examines the impact of Russian metal bans on commodity prices, emphasizing short-term fluctuations and the evolving steel sector in India amidst changing global dynamics. He says: "There would be ways and means by which you would find that the actual impact would be far lower than what people are expecting currently."
Metal traders see price rising after LME Russia ban
But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumped onto the LME.
Gold will probably reach $2350-2400 per ounce very quickly; silver may have more upside: Peter McGuire
Peter McGuire predicts silver to outperform gold, driven by underinvestment and industrial demand. Geopolitical tensions could push crude prices higher, while Bitcoin's volatility continues amidst stable USD index. The economic outlook for the second quarter remains uncertain. McGuire also says that silver might have more upside than gold over the next matter of months in the sense of performance and ratio to gold .
Cocoa’s relentless rally is pushing the market to breaking point
Cocoa futures have surged as poor harvests in West Africa, where most of the world’s beans are grown, sparked a third year of shortages.
Pentagon plans AI-based programme to estimate prices for critical minerals
The programme, which received little attention after it was announced on a Pentagon website in October, is part of Washington's broader efforts to jumpstart US production of critical minerals used in weapons manufacturing and the energy transition.
India may link local lithium price with London exchange
India is looking to fix the value of lithium and rare earth elements (REEs) found in the country; domestic lithium prices will be linked to weekly prices for lithium hydroxide monohydrate published by the London Metal Exchange. Currently, there is no uniform parameter to assess the value of these elements, so an amendment to the Minerals Concession Rules, 2016 is being drafted. The move to fix pricing comes after the Geological Survey of India conducted exploration and handed over geological reports for blocks of REEs and lithium in the country.
Copper slips as China Covid hits industrial activity
China reported five new COVID-19 deaths for Dec. 19, compared with two on the previous day, increasing the nation's fatalities to 5,242 the National Health Commission said on Tuesday.
Copper set for worst weekly loss in 28 months
Economic growth in top metals consumer China slowed sharply in the second quarter, expanding 0.4% year-on-year and missing expectations, as widespread lockdowns to curb record COVID cases hit industrial activity and consumer spending.
Metals haven't crashed this hard since the great recession
For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts, and the retreat marks a signal from commodity markets that efforts to get prices back under control are having some early successes.
LME rips up its free-market rule-book to tame wild metals
The LME has come in for understandable criticism that it waited too long to suspend the nickel market. The exchange's compliance department, which has unique insight into trading flows, should surely have seen that something ugly was brewing.
Wake-up call! Wild swings in commodities can sucker punch the global economy
Commodity traders remain too big to be ignored — and a possible source of big trouble if left unattended.
Caution reigns as nickel trading resumes in London
Besides suspending nickel trading for only the second time in its 145-year history, the LME also cancelled all trades on March 8 and extended deadlines for those with obligations to deliver physical metal against its contracts.
Commodities market volatility sparks spillover concerns
Prices for Brent crude are up more than 30% since the invasion began, while nickel prices doubled on Tuesday – a move that appeared to have been exacerbated by a Chinese firm covering bets against the metal and reducing its exposure to costly margin calls.
LME nickel surge puts clearing houses in the spotlight
The LME, which clears all trading of its metals contracts, said on Friday it was raising margin requirements for nickel contracts by 12.5% to $2,250 a tonne. The extra charge kicks in at close of business on Tuesday, March 8.
LME suspends nickel trading for the day after prices see record run
"The LME has taken this decision on orderly market grounds," the exchange said in a statement, adding that "trading will be disabled in LMEselect, and nickel trading will not be permitted on the Ring."
Five things to know about nickel’s 90% price surge
Most importantly, there’s no need to panic — there’s a supply boom underway and this spike is unlikely to last.
LME nickel more than doubles, tops $100,000/T on Russia supply risks
Russia supplies the world with about 10% of its nickel needs, mainly for use in stainless steel and electric vehicle batteries.
Chinese stainless steel prices take off as nickel rallies to all-time high
The surge in stainless steel comes after nickel prices spiked 90% to an all-time high in the previous session and extended gains on Tuesday. Russia supplies around 10% nickel to the world.
Aluminium at record high, nickel scales 11-year peak on Russian supply woes
Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia's invasion of Ukraine disrupted global raw material flows.
London copper gains on supply concerns; set for worst week since Nov
On-warrant copper stocks in LME-registered warehouses were last at 80,525 tonnes, up from a historic low of 14,150 tonnes in October but far below peaks seen in August.
London copper rises 2% on stronger risk appetite, supply concerns
The most-traded January copper contract on the Shanghai Futures Exchange inched down 0.1% to 68,590 yuan ($10,771.04) a tonne.
Nickel under pressure, may see more price erosion
Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.
Copper set for smallest quarterly gain since March 2020
Three-month copper on the London Metal Exchange rose 0.4% to $9,375 a tonne by 0342 GMT and was up 6.7% for the quarter. It has lost 8.6% so far in June, on track for its first monthly fall in three.
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