LME aluminum jump led the majority of base metals closed higher

The London Metal Exchange (LME) base metals futures closed higher on Wednesday (December 29), with aluminum jumping to a new high of nine and a half years, leading the uptrend. Traders said the details of the changes in China's import and export tariffs supported aluminum prices higher duri.......

LME volume decreased by 0.6% year-on-year last year

Compared with the record volume in 2003, the volume of London Metal Exchange (LME) declined slightly in 2004. In 2004, 72 million contracts were sold, a year-on-year decrease of 0.6%, while volume in 2003 increased by 23.3%. In 2004, the volume of futures declined by 2% to 67.2 million lots. In.......

Why metal futures fall and fall again

At the beginning of the new year, the prices of international base metals represented by the London Commodity Exchange (LME) experienced a full-scale collapse scenario. This was the second time since October 13, 2004, the price of international base metals had plummeted. The plunge in the inter.......

Aluminium market outlook: oscillating roof bounce

The passing of 2004 is a gratifying year for the long-term sluggish international aluminum market. The average closing price of LME aluminum for the whole year of 2004 was at 1,740 US dollars per ton, far higher than the total of 1,440 US dollars per ton in 2003. The average annual price, an in.......