Metal Price News Week 45

This weeks most important news, that have affected the metal prices

Todays commodity prices

3 months LME USD 1.810 / EUR 1.620

3 months CLME USD 5.925 / EUR 5.310


US and China continue the trade talks, and both parties are positive. This have kept the commodity prices in a positive loop. At the same time Chinese PMI came out better than expected and US PMI came out lower then expected, but higher than the last PMI.

China have also announced that it will ease its lending rate. (To make sure that the growth rate (GDP) does not fall below 6,0%).


The anti-government protests in Chile have started to decrease and production have started again in the mines. But several mining companies have adjusted the expected year output, due to the strikes.


LME have broken USD 1.800 and seems to keep over USD 1.800.

CLME is now stable over USD 5.900 with upward pressure.


Factors that makes the price higher

Announcement of public stimulus in China.

The trade war between China and USA.


Factors that makes the price lower

Low economic growth from China, US and Europe.

Chinese aluminum producers are ramping up production on improved aluminum prices, with output at one smelter - Shanxi Meixin Industry - now running at full capacity of 300,000 tonnes per year.

The trade war between China and USA. There is a possibility that there will not be an agreement before the summer 2020.


Factors that influence copper prices

Copper price have been stable over USD 5.900. At the same time the copper stock on London Metal Exchange are falling, this have put an upward pressure on the copper price.