Tag: LME

Copper MMI: LME, CME Copper Prices Bifurcate as Traders Bet on U.S. Tariffs

Copper MMI: LME, CME Copper Prices Bifurcate as Traders Bet on U.S. Tariffs tech and electronics remain a huge boon to copper prices today.

The Copper Monthly Metals Index (MMI) trended sideways overall, with a modest 0.65% decline from December to January. Meanwhile, the price of copper continues to react to new U.S. leadership and potential changes in trade policy. Traders Bet on Higher U.S. Copper Prices Ahead of President Trump’s inauguration, Comex copper prices started to break out […]

Aluminum MMI: Aluminum Prices Sideways, Guinea Secures Alumina Investments

Aluminum MMI: Aluminum Prices Sideways, Guinea Secures Alumina Investments aluminum

The Aluminum Monthly Metals Index (MMI) remained consolidated, falling by a modest 1.29% from December to January. Meanwhile, LME aluminum prices continued to trend sideways during the first half of January. Aluminum Prices Sideways, Midwest Premium Futures Up The aluminum market remained uncertain during the first few weeks of the new year. Less than a […]

Why Are Aluminum Prices Up Despite Ample Supply?

Why Are Aluminum Prices Up Despite Ample Supply? AdobeStock 557620676

Falling exchange prices and rising LME inventories this year indicate that primary aluminum is currently in ample supply. So far, aluminum prices have slightly increased since the beginning of the month as inventory levels have steadily declined. However, while the metal leaving the exchange has been Indian, a good, deliverable brand, the metal arriving has […]

Aluminum MMI: Aluminum Prices Rise, Downside Risks Remain

Aluminum MMI: Aluminum Prices Rise, Downside Risks Remain aluminum-cast-moulding

The Aluminum Monthly Metals Index (MMI) continued to drop, with a 5.14% decline from July to August. The price of aluminum continued to deflate before finding a bottom at the close of July. Overall, aluminum prices witnessed a 9.07% decline throughout the month, followed by a modest 2.26% rise during the first half of August. […]

Copper MMI: Copper Prices Reverse as Speculative Rally Unravels

Copper MMI: Copper Prices Reverse as Speculative Rally Unravels Copper

Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June. A short squeeze helped the price of copper peak at a new all-time high in late May, followed by a sharp downside correction. This resulted in an overall 3.7% rise from the close of April. CME copper prices then continued to retrace […]

Aluminum MMI: Aluminum Prices Retreat after Failing to Break 2023 High

Aluminum MMI: Aluminum Prices Retreat after Failing to Break 2023 High aluminum-ingots-aluminum-industrial-production-material-pi

Overall, the Aluminum Monthly Metals Index (MMI) rose 7.06% from April to May. The aluminum price remained bullish throughout April, rising 11.47% month over month. However, prices found a peak on April 22 when they failed to break above their 2023 high. They then retraced to the downside during the remainder of the month and […]

LME and CME Russian Metal Ban Prompting Speculation About Market Fragmentation

LME and CME Russian Metal Ban Prompting Speculation About Market Fragmentation Russian Ban

By now, anyone in the metals market will know that the U.S. and UK recently banned the consumption of Russian aluminum, copper, and nickel produced from April 13 onward. While metal already on the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) are still available for consumption, no metal delivered after this date […]

LME’s Russian Metal Ban Shifts Global Metal Trade Dynamics

LME’s Russian Metal Ban Shifts Global Metal Trade Dynamics Russian Sanction

China will undoubtedly become an even more significant buyer of Russian metals following the London Metal Exchange’s ban on newly produced Russian aluminum, copper, and nickel. China has already evolved into a major market for Russian-made products following dwindling demand in the West, and these new Russian sanctions will likely only further cement that position. […]

Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market

Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market stainless steel prices

Nickel prices continued to the upside during the first half of March, taking a momentary pause from their long-term downtrend. However, prices found a peak by March 13, reaching their highest level since October 2023. Following that, the rally collapsed, and prices returned to the downside. Overall, nickel prices fell 5.56% month over month. The […]

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern copper prices

By mid-March, copper prices hit their highest level since April 2023. Prices previously found a bottom in early February before strong upside momentum saw them topple previous peaks within their long-term sideways trend. While prices clocked a moderate1.74% month-over-month decline throughout February, they rose 4.12% during the first two weeks of March. Overall, the Copper […]

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