LIVE FUTURES 04/10: Most prices up on high energy costs, Chinese production concerns; Al up 2.1%, copper up 1.3%

October 05, 2021 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange were up across the board during trading on Monday October 4, pushed upward by ongoing power-rationing policies in China and surging energy costs affecting production in the physical market.

Nickel was the only exception, with the three-month nickel price down by 0.3% on Monday to $17,924 per tonne from $17,971 per tonne at Friday's 5pm close. 
"The base metals continue to face conflicting signals. Whilst low official warehouse inventory levels and other micro factors remain supportive, there is the small smattering of increasing macro concerns which affect our space," LME desk analyst at Marex Alastair Munro said on Monday.

"The squeeze in energy prices appears set to continue to be supportive with the production implications of supply...

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok