Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

Shanghai base metals were mostly higher on Monday morning as investors digested a better-than-expected US jobs report. Meanwhile, their counterparts on the LME fell for the most part.

Shanghai base metals were mostly higher on Wednesday morning as global investors monitored the spread of the delta Covid-19 variant and awaited key economic data out of the US. Meanwhile, their counterparts on the LME also rose for the most part.

Shanghai base metals mostly cruised lower on Tuesday morning despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. Meanwhile, their counterparts on the LME traded mixed.

Rare earth prices were generally lower last week, with prices of many products including praseodymium-neodymium, terbium, dysprosium, and holmium down from a week ago, and transaction atmosphere cooled down significantly. Prices of praseodymium-neodymium oxide showed signs of stabilising, while prices of praseodymium-neodymium metal remained weak amid muted trades. Prices of terbium and dysprosium found no support and market participants generally hoped that large enterprises would stockpile. Prices of gadolinium and holmium diverged. Gadolinium received brisk inquiries, while holmium saw quiet trades. Prices of praseodymium were largely stable , while prices of neodymium continued to decline amid sluggish transactions.

Neodymium praseodymium prices rose slightly amid the news of environmental inspections in Ganzhou over the previous week.

Nonferrous metals on the SHFE were mostly higher on Thursday morning on a positive note following record gains on Wall Street after the US Federal Reserve’s policymaking committee voted to keep short-term borrowing rates near zero. Meanwhile, their counterparts on the LME also rose for the most part.

Shanghai base metals were mostly higher on Monday morning as investors reacted to last week’s US jobs report that trounced expectations and fueled hopes for a faster economic recovery. Meanwhile, their counterparts on the LME rose across the board.