Base metal news
Here are some recent news and updates from the base metal market:
Copper
- Copper prices have been rising due to strong demand from the electronics and construction industries. The London Metal Exchange (LME) copper price has reached a three-year high, with prices above $7,000 per tonne. (Source: Reuters)
- Chile, the world's largest copper producer, has seen a surge in copper production, with output increasing by 12% in the first quarter of 2022 compared to the same period last year. (Source: Bloomberg)
Zinc
- Zinc prices have been volatile in recent weeks, with prices falling by 10% in April due to concerns over global demand. However, prices have since recovered, with the LME zinc price reaching a two-year high. (Source: Kitco)
- Glencore, one of the world's largest zinc producers, has announced plans to increase zinc production at its Peruvian mine, with output expected to increase by 20% in 2022. (Source: Mining Weekly)
Lead
- Lead prices have been rising due to strong demand from the automotive industry, with prices reaching a two-year high. The LME lead price has increased by 15% in the past month. (Source: Fastmarkets)
- Nyrstar, a leading lead producer, has announced plans to increase lead production at its smelter in the Democratic Republic of Congo, with output expected to increase by 10% in 2022. (Source: Mining Weekly)
Nickel
- Nickel prices have been rising due to strong demand from the stainless steel industry, with prices reaching a two-year high. The LME nickel price has increased by 20% in the past month. (Source: Kitco)
- Indonesia, the world's largest nickel producer, has announced plans to increase nickel production, with output expected to increase by 10% in 2022. (Source: Bloomberg)
Tin
- Tin prices have been rising due to strong demand from the electronics industry, with prices reaching a two-year high. The LME tin price has increased by 15% in the past month. (Source: Fastmarkets)
- Myanmar, a major tin producer, has seen a surge in tin production, with output increasing by 20% in the first quarter of 2022 compared to the same period last year. (Source: Reuters)
These are just a few examples of recent news and updates from the base metal market. If you're looking for more information or specific updates on a particular metal, feel free to ask!