London Metal Exchange base metals prices finished the week to Friday January 21 in a positive tone, with most having overcome important psychological levels one week before the Chinese New Year holiday begins.
Aluminium Bahrain (Alba) has signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA (MHI EMEA) to explore carbon-capture opportunities as part of Alba’s decarbonization goals, it was announced on January 19.
Nobody ever wants to be the chief executive officer that goes down in history as permanently closing the London Metal Exchange open outcry floor. That undesirable title, should the situation arise, will now not go to its current head, Matthew Chamberlain.
Base metal futures on the London Metal Exchange were largely down at the 9am open on Friday January 21, following two days of strong gains in which nickel and tin reached fresh high levels, with the latter reaching an all-time high.