Aluminum and copper are two of the most liquid metals trading on the London Metals Exchange. The war in Iran has impacted markets across all asset classes and has ignited a bullish fuse in the aluminum...
Our senior market strategist and longtime commodities analyst John Rowland, CMT, explains the secular bull market forming in industrial metals.
COMEX copper futures have been in a bullish trend, making higher lows and higher highs since the low of 60.40 cents per pound in 2001. In 2025, the red nonferrous metal reached nearly $6 per ounce before...
The base metals composite edged lower in Q2 but was higher over the first half of 2025. Copper was particularly volatile, with the price dropping from over $5 to challenge critical support at $4 before...
Base metals prices moved mostly higher in Q1, with COMEX copper leading the way on the upside. The COMEX futures outperformed the LME forwards because of the uncertainty of U.S. tariffs on the metals markets....
The nonferrous metals sector of the commodities market moved lower in Q4 and only registered a slight gain in 2024. While all base metals fell in the final three months of 2024, copper, aluminum, zinc,...
Falling interest rates, a weaker U.S. dollar, and the improving prospects for China’s economy lifted base metals prices in Q3. Base metals include copper, aluminum, nickel, lead, zinc, and tin, which...
After global equities experienced a sharp sell-off in early August due to a disappointing July jobs report, both Goldman Sachs and JP Morgan raised the likelihood of the U.S. economy slipping into a recession.However,...
Nearby copper futures rose to nearly $5.20 per pound on May 20, a new record high. The red nonferrous metal ran out of upside steam, declining below the $4.80 level, leaving many market participants wondering...
The commodity asset class’s base metals sector posted a marginal 0.27% gain in Q1 2023, with tin and copper leading the way on the upside. Three of the six base metals posted gains, while four moved...