LIVE FUTURES 16/08: Negative Chinese data brings down LME prices; large outflow of aluminium from LME warehouses

August 17, 2021 / www.metalbulletin.com / Article Link

Most prices on the London Metal Exchange started the week on lower ground than last Friday on Monday August 16, following worse-than-expected Chinese economic data published over the weekend.

Nickel's three-month price, for example, was down to $19,530 per tonne on Monday at 9am, from Friday's closing price of $19,656 per tonne after rising 5.6% from last Monday's $18,620 per tonne.Similarly, copper's three-month price fell to $9,454 per tonne on Monday, from its Friday 5pm closing price of $9,570 per tonne. "The markets have lost ground so far on Monday August 16, after disappointing economic data from China served as a reminder of the threat posed by the Delta variant of the...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok