News and Events

Most base metals futures prices on the London Metal Exchange weakened on the morning of Thursday January 13, with consolidation setting in following a bullish day on Wednesday. Tin was an exception, however, and was trading around its latest all-time peak. Copper's three-month price fell by 1% to $9,958.50 per tonne at 9am, down from $10,064 per tonne at the previous day’s close. The red metal traded as high as $10,072 per tonne on Wednesday, its highest level since late October. Similarly, nickel's price dipped to $21,940 per tonne on Thursday at 9am, from its closing price on Wednesday at $22,064 per tonne, trading at the most since 2011. It reached as high as $22,745 per tonne on Wednesday, rising by $2,000 per tonne since the start.