Non Ferrous News Today

Delve into the complex interplay of regulations and tariffs shaping the global aluminium market. From US tariffs to EU environmental initiatives and China's export tax policies, understand their impact on stakeholders and industry dynamics.

As of yesterday, LME zinc opened at $2895/ton, touching a high and a low of $2907/ton and $2829/ton respectively. LME zinc closed down at $38/ton or 1.31% at $2857/ton. Today, LME Zinc trading commenced at $2879.50/ton.

As of Wednesday, LME opened at $2585/ton and closed at $2584/ton. Today, the markets have opened at $2590/ton. SHFE is closed from May 1, 2024 (Wednesday) to May 5, 2024 (Sunday) due to the International Workers’ Day and will open as usual on May 6, 2024 (Monday).

LME copper prices, yesterday, closed at $9,902/ton, down by 0.85%%. Today, LME copper prices, LME copper prices, trading at $9,934/ton, are down by 0.33%. The most active SHFE 2404 Copper contract, yesterday, settled at 80,560 yuan/ton.

Base metals dipped in value due to thin trade spurred by the stronger dollar. This currency volatility is impacting India's Commodities Market with potential repercussions for consumer prices.

Minera Alamos is set to merge its subsidiary, Cobre, with Minera Gold Copper, dividing share ownership equally. The strategic move further strengthens its position in Mexico's copper marketplace.

LME zinc rallied and closed up $76/mt or 2.64% at $2951/mt. Today, LME Zinc trading commenced at $2945/mt. As of yesterday, the most active SHFE 2406 zinc contract prices opened at 23110 yuan/mt and rose by 280 yuan/mt or 1.21% to close at 23390 yuan/mt.

Yesterday, LME copper prices closed at $10,173/ton, up by 1.97%. Today, they're trading at $10,177/ton, up by 0.02%. SHFE 2404 Copper contract settled at 80,560 yuan/ton yesterday, and today's trading price is 81,790 yuan/ton, up by 1.53%.

Indonesia grants new mining permit to nickel miner PT Vale Indonesia, announced Investment Minister Bahlil Lahadalia, marking a significant progression in the country's mining sector.

LME Copper inventories hit a three-week low, dropping by 1850 tonnes to 118550 tonnes, extending the recent downward trend in the market.