An overview of the battery raw materials markets and their price moves from the past week.
The prices of base metals on the London Metal Exchange ended mostly lower at the close of trading on Friday August 17, with most metals struggling to recover fully from the midweek slide amid continued strength in the US dollar.
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
China’s monthly zinc output dropped to its lowest in five years in July, echoing lower output of galvanised steel and capacity cut of major Chinese zinc smelters.
Premiums for aluminium billet in Europe were mostly firm this week with participants trying to secure metal for the fourth quarter and beyond.
The London Metal Exchange zinc price has moved into contango for the first time in more than two months, with analysts highlighting improved supply as a key factor.
Comex copper prices edged up on Friday morning in the US, with the base metals complex benefiting from a weaker dollar.
The latest metal markets news and price moves to start the North American day on Friday August 17.
An impending strike at the Caserones copper mine in the Atacama region of Chile has been called off after the workers’ union signed a collective bargaining agreement to end negotiations.
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 17*