LME base metals futures show modest gains; aluminium above $2,600 again

November 09, 2021 / www.metalbulletin.com / Article Link

Modest gains were seen in base metals futures prices at the 5pm close of trading on the London Metal Exchange on Monday November 8 because of a weaker US Dollar Index, which supported price increases.

Aluminium led the gains, its price increasing by almost 2% to $2,605.00 per tonne, up from $2,556.50 per tonne at Friday's 5pm close. This rise followed a 5% decline in the three-month price for the light metal last week.
Monday was a low trading day in terms of volumes, with only 14,366 lots traded, down from the weekly average of 20,242 lots last week.

Elsewhere in the LME base metals complex, the three-month nickel price increased by 1% to $19,640 per tonne, up from $19,434 per tonne at Friday's 5pm...

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok