The London Metal Exchange was founded in the yearbut has a history from the year The London Metal Exchange started with copper and very soon lead and zinc followed. After that the trade was extended with aluminium and other metals. Contrary to other exchanges the trade is still in the ring. The LME is in Europe the last exchange where open-outcry trading take place. The prices are based on supply and demand. Only these Ring Dealing Members are entitled to enter the ring and trade during the ring-trading sessions.
There are twelve companies, who have the exclusive right to trade in the ring. All companies who work with metals know the phenomena that prices can strongly fluctuate. This fluctuations depend not only from supply and demand but also from expectations and sentiments in the financial world. These prices are often unpredictable and have a big influence on profits of companies. LME offers as well buyers as sellers the opportunity to hedge their material price risk and have protection further future fluctuation in prices.
On the internet it is possible to follow the London Metal Exchange pricing with a delay of one day. Companies who are in the metal trading business are interested in real-time London Metal Exchange pricing.
With this information companies can react immediately on price fluctuations from the London Metal Exchange. Metal Radar is a software developer and developes real time pricing solutions since To be sure that you can access these important real time pricing at all times, Metal Radar also offers various apps for your Iphone, Blackberry en Android smartphones.
Always easy to handle and always let you see the information you want to see. Home Products Metalprices About us Free trial. AL Steel Cobalt Molybdenum. Interested in real time pricing?Zinc, chemical symbol Zn, is a corrosion resistant metal with a bluish white color. The price of zinc is controlled mainly by supply and demand of emerging and established markets as well as the input prices. Zinc is often used to galvanize iron and steel to extend its life.
Andreas Sigismund Marggraf, a German chemist, discovered zinc in its elemental form inalthough it was used for centuries before. Zinc is primarily produced by mining but can be recycled. There are several ores from which zinc can be extracted: zinc silicate calaminefranklinite, manganese, zinc carbonate smithsoniteand zinc sulfide sphalerite.
To mine zinc, the ore must first go through froth flotation which breaks the ore into particles with greater concentrations of zinc. The ore is crushed and put into a flotation tank with water, pine oil, and chemicals. The tank then rotates until the zinc remains at the top while all other silicates sink to the bottom. Air is injected into the tanks after the zinc is coated with a water repellent solution. Scrappers are used to remove all of the concentrated zinc from the tank while the remaining mixture is drained of water and oils.
It is then combined with lime and heated to form zinc oxide. To produce zinc from zinc oxide, it must first be heated to 2, degrees Fahrenheit. This reaction produces zinc and carbon dioxide. Molten lead is then added to the furnace to prevent the zinc and carbon dioxide from rebonding.
The molten zinc is cooled to degrees Fahrenheit and cooled for several hours. Iron and other minerals sink to the bottom of the chamber. Prices are indicative and may differ from the actual market price. Zinc Commodity. Add to watchlist.
Day Low. Historical Prices. Zinc Latest Price Trade Time. Unit conversion for Zinc Price Today.The Dane Hans Christian Oersted discovered the element of aluminium in when he deconstructed alumina into its elements. At this time aluminium was still more valuable than gold and had a higher price. Today, aluminium is required in every industrial sector.
Its specific qualities make it indispensable in many areas of application, such as the transport and construction industry, mechanical engineering or the packaging industry.
Aluminium is not only very light but also very strong. It hardly corrodes and can also be recycled very easily. Aluminium is used particularly in the packaging industry, but has also been favoured in vehicle construction for some years now, due to its low density.
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By combining it with magnesium, silicon and other metals, an alloy can be manufactured from aluminium with a strength similar to that of steel. The metal is also used in aircraft construction and in space technology. Because of its electrical conductivity aluminium is also used as a conductor material in power lines.
Thanks to its properties the light metal is superior to copper here, which would have a greater mass with the same conductivity. Because of its heat conducting properties, aluminium is also required to manufacture heat exchangers coolers and cooling fins. This means that the price of aluminium is mutually interdependent on the price of oil. Prices are indicative and may differ from the actual market price. Aluminium Commodity.
Add to watchlist. Day Low. Historical Prices. Aluminium Latest Price Trade Time. Aluminium is a light metal which has a silvery white colour in its pure state and which is so soft that it can easily be stretched and used to make fine wires.
It is also suitable for rolling into thin sheets or foils.
Aluminium is the third most abundant element after oxygen and silicon and is very reactive. For this reason it only exists in chemically bonded form.
Unit conversion for Aluminium Price Today.DCE iron ore futures market behaved not as well as RB futures, and some physical prices inched down to make deals. Tangshan government announced to strengthen the air condition control, some steel mills have been required to shut some blast furnaces, mills purchasing suspended while some traders refused to cut down their quotations, total transactions descended over yesterday.
SMM connects you with market insights from over in-house analysts and through our extensive network of over 10, metals and mining industry experts.
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Nickel sank 1. Lead inched up 0. China HRC inventories fell faster on strong demand recovery. Aluminium billet inventories shrank 5, mt on week. Inventories of aluminium billet in China fell for the sixth consecutive week as of April 16 as arrivals remained limited. SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. Free Trial. Sign in.The London Metal Exchange and Aluminum Price Risk Management
The browser you using may not be able to browse the website normally. To get a better website browsing experience, we recommend two methods :. Precious Metals Rare Earth Index. Cobalt Lithium Other Rates. Bismuth Selenium Tellurium. Tungsten Cobalt Antimony. Indium Germanium Gallium. Other Minor Metals.For a long time nickel was not recognised as a metal in its own right, but was instead regarded as a non-meltable component of copper ore.
This view was not refuted until the 18th century. Nickel is indeed very resistant to high temperatures and corrosion. Even a small amount of nickel can considerably improve the strength and resistance to corrosion of steel when used as an alloy, something which is made use of in the steel industry.
The most important use of nickel is therefore in the production of stainless steel and other metal alloys. Nickel is also used in electroplated coatings. Around one quarter of the global demand for nickel is met by recycling nickel scrap. Around 40 per cent of global nickel output is consumed in Europe, followed by Asia and America. Because steel production has increased substantially in China in recent years, the demand for and consumption of nickel is also increasing at a very fast pace there.
This demand cannot be met from Chinese nickel deposits, as a result of which China is one of the largest importers of nickel. Prices are indicative and may differ from the actual market price.
Nickel Commodity. Add to watchlist. Day Low. Historical Prices. ALX Resources Corp. Nickel Latest Price Trade Time. Nickel is a silvery white shiny metal used primarily for corrosion-resistant alloys and to produce grades of stainless steel. Nickel has excellent chemical properties and is also used in rechargeable batteries for this reason.
The most important trading venue for nickel is the London Metal Exchange. Unit conversion for Nickel Price Today. Industrial Metals. Add Close. Follow us on:.
It is commonly used to plate steel cans and in solder due to its malleability, and ductile properties. Governmental involvement in the production of tin as well as supply-demand economics can affect the current price.
By tracking global stock levels for tin on the London Metals Exchange LMEtraders can predict market trends as a result of shortages or surpluses. Tin is often combined with copper to form an alloy, a hybrid metal created by combining two or more metals. It can be obtained by removing oxygen in cassiterite SnO2 using a smelting furnace. Tin is recycled in large quantities. China, Bolivia, Indonesia, and Peru were among the top producers of tin in the early 21st century.
Tin hat time! Aus Tin plots restart to mining at Granville Australian Mining d. Tin Price Per 1 Kilogram Iron Ore.All Steel First prices, news and market analysis can be found here on www.
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A complete list of all Fastmarkets MB's metal, steel and scrap prices, contained within our pricing analysis tool, Price Book. To add prices, click on the "Bookmark price" icon found in any pricing table. By signing up to this free newsletter you agree to receive occasional emails from us informing you about our products and services. You can opt out of these emails at any time. Apr 16, Apr 15, Apr 13, Raw materials Raw materials Alumina Aluminium scrap Raw materials price guide.
Chinese ferro-silicon price sinks to near three-year low. Limited room for further price declines in Chinese tungsten market, participants say. Precious metals Precious metals All precious metals Precious metals price guide. Apr 14, Trade log April Cobalt sulfate.
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