LIVE FUTURES 10/09: Al above $2,900, zinc sets new year-high in LME rally

September 11, 2021 / www.metalbulletin.com / Article Link

A bullish mood overtook the London Metal Exchange decisively on Friday September 10, with zinc, aluminium and nickel setting new year-to-date highs on a day that also saw copper volumes exceed 20,000 lots for the first time in three weeks.

Aluminium's three-month price set a new 2021 peak of $2,937 per tonne, rising by 3.4% from Thursday's closing price and by 5.9% since the start of the week, when it was $2,773 per tonne.
Fundamental dynamics, such as falling global inventories, Chinese supply worries caused by power-rationing policies, and buoyant physical premiums, were just some of the factors behind the metal's recent rise. Added to these this week was the political uncertainty in bauxite-rich Guinea.

Despite an easing of production concerns in the West African country, the rally in the prices...

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