Non Ferrous News Today

As of yesterday, LME zinc opened at $2908/ton, hitting a low and high of $2868/ton and $2932/ton respectively, and closed at $2910/ton, up $4/ton or 0.15%. Today, LME Zinc trading commenced at $2921/ton.

LME copper prices, yesterday, closed at $9,961/ton, down by 0.49%. Today, LME copper prices, trading at $9,994/ton, are up by 0.34%. The most active SHFE 2404 Copper contract, yesterday, settled at 79,600 yuan/ton.

Chinese scientists have developed a high-strength aluminum alloy with heat resistance of 500 degrees Celsius, surpassing the previous limit of 350 degrees. This lightweight, corrosion-resistant material could offer solutions to long-term engineering challenges.

In April, China's copper concentrate imports climbed by 11.8% year-on-year to 2.35 million tons, announces China's General Administration of Customs, marking significant growth.

As of yesterday, LME zinc opened at $2947/ton before moving down to a low of $2856/ton. It eventually closed down $33/ton or 1.12% at $2910/ton. Today, LME Zinc trading commenced at $2906/ton.

As of Wednesday, LME opened at $2568/ton and closed at $2545/ton. Today, the markets have opened at $2548/ton. SHFE opened at Yuan 20490/ton and closed at Yuan 20585/ton. Today the markets have opened at Yuan 20565/ton.

LME copper prices, yesterday, closed at $9,912/ton, down by 1.07%. Today, LME copper prices, trading at $9,942/ton, are up by 0.30%. The most active SHFE 2404 Copper contract, yesterday, settled at 78,820 yuan/ton.

Profiting from falling energy costs, Europe's biggest copper producer, Aurubis AG, reported higher than anticipated first-half core profit.

Cash copper contract hit a record high discount against the LME's 3-month forward, valued at $137.99 per metric ton, showcasing a price disparity in copper futures.

As of yesterday, LME zinc prices opened at $2,992/ton, and hit a high of $2,975/ton before falling back to $2,945/ton, and closing at $2,943/ton, up $35/ton or 1.2%. Today, LME Zinc trading commenced at $2951.50/ton.