The Latest Breaking News from LME

Exchange was ‘unprepared’ for the risks that emerged when Russia’s invasion of Ukraine caused a price rise

Aluminium could also move big in response to changing sanctions on Russia; meanwhile, sugar soared last week, and cocoa sold off.

Copper futures rose to a record high of nearly $5.20 per pound in May 2024. After correcting below the $4 per pound level in August and September, copper recovered only to return to the $4 level in November. The $3.90 to $4.00 level has become critical support for the red…

Natural gas surged as Russia cut off Austria's supply.

Cocoa ramped higher last week, while coffee fell sharply.

Falling interest rates, a weaker U.S. dollar, and the improving prospects for China’s economy lifted base metals prices in Q3. Base metals include copper, aluminum, nickel, lead, zinc, and tin, which trade on the London Metals Exchange, the world’s leading marketplace for nonferrous metals.

Ongoing tensions in the Middle East aren't enough to prop up Brent crude.

Copper prices reached a new record high in May 2024, eclipsing the March 2022 high before correcting lower. Meanwhile, copper futures have dropped more than $1 per pound since the May high as the leading base metal is searching for a bottom.

Former leader rallies pro-EU MPs who German ambassador says now vastly outnumber ERG group of Eurosceptic Tories