LIVE FUTURES 21/09: LME prices stable following Monday sell off; over 50kt of aluminium cancelled

September 22, 2021 / www.metalbulletin.com / Article Link

Base metal prices on the morning of Tuesday September 21 stuck near the levels seen at the sell-off on Monday, triggered by continued uncertainty over the fate of Chinese property developer Evergrande.

Copper's three-month price was at $9,053 per tonne, for example, a small rise from its closing price of $9,033 per tonne on Monday, a 3% drop from last Friday's 5pm price.
The red metal dropped to $8,975 per tonne on Monday, falling below the $9,000 per tonne mark for the first time since August 20. Its lowest price on Tuesday was $9,010 per tonne at the time of writing.

Its cash/three-month spread was in a $17.15 per tonne backwardation on...

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok