Eileen Soreng

METALS-Shanghai nickel buoyed by low stocks, posts best day in two weeks

Dec 08 2021

Dec 8 Shanghai nickel prices rose on Wednesday to record their best session in two weeks, as inventories in the city's exchange warehouses hovered near record lows, while the demand outlook remained robust.

METALS-Copper prices firm as China's monetary policy easing lends support

Dec 07 2021

Dec 7 London copper prices edged higher on Tuesday, supported by monetary policy easing in top consumer China, although caution over the impact of the Omicron COVID-19 variant persisted.

METALS-Copper buckles under firm dollar, Omicron uncertainty

Dec 06 2021

Dec 6 London copper erased earlier gains to fall on Monday, pressured by a stronger dollar and uncertainty over the economic impact of the Omicron coronavirus variant.

METALS-Aluminium prices firm as China plans hiking coal contract prices

Dec 03 2021

Dec 3 Aluminium prices gained on Friday amid low inventories as local media reported that China plans to raise the benchmark price for long-term coal contracts in 2022, traders said.

METALS-Copper slips as risk sentiment sours on Moderna warning

Nov 30 2021

Nov 30 London copper prices reversed course to fall on Tuesday, as fears that the Omicron coronavirus variant could prove vaccine-resistant knocked global risk sentiment.

METALS-London copper firms as investors weigh Omicron impact

Nov 29 2021

Nov 29 London copper prices rose on Monday, recouping some of last week's losses fuelled by the newly identified coronavirus variant, with markets trying to gauge its severity and its possible impact on economic recovery.

METALS-Copper falls on new coronavirus variant jitters

Nov 26 2021

Nov 26 London copper prices fell on Friday, as a newly identified COVID-19 variant in South Africa fuelled concerns over its impact on economic growth and dented risk appetite.

METALS-Low stocks, China support for property sector buoy copper prices

Nov 25 2021

Nov 25 London copper rose to a one-month high on Thursday, helped by China's efforts to bolster its cash-strapped property sector and on concerns over tight global supply, while a weaker dollar made greenback-priced metals cheaper for holders of other currencies.

China, Malaysia's scrap metal U-turn a golden opportunity for India - official

Nov 24 2021

BENGALURU, Nov 24 Restrictions on scrap metal imports into China, Malaysia and other countries present a golden opportunity for recyclers in India, an industry official said on Wednesday.

METALS-Shanghai zinc gains as Glencore maintenance plan fuels supply fears

Nov 23 2021

Nov 23 Shanghai zinc prices firmed on Tuesday, hitting their highest levels in nearly three weeks, on global supply concerns after miner and commodity trader Glencore announched plans to put its zinc sulphide operations in Italy under maintenance.

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