Aluminum prices in London edged higher on March 18, 2022, as supply risks persisted as negotiations between Russia and Ukraine showed no sign of significant progress, while market sentiment was also boosted by hope of economic recovery in China.

Accordingly, the price of 3-month aluminum on the London Metal Exchange rose 0.6% to $3,406/ton. However, as of now, the price is down 2% for the week.
The most-traded April 2022 aluminum contract on the Shanghai Futures Exchange rose 2.7% to 22,695 CNY ($3,569.18) a tonne, before aluminum prices hit their highest levels since March 8, 2022.
On the London exchange, copper prices rose 0.4 percent to $10,279 a tonne, lead rose 0.8 percent to $2,269 a tonne, zinc rose 0.5 percent to $3,845 a tonne and tin rose 1.7 percent. % to 42,420 USD/ton.
On the Shanghai trading floor, copper rose 1.4% to CNY73,250/ton, lead increased 0.5% to CNY15,265, zinc rose 0.6% to CNY25,560/ton and tin price increased 2.3% to CNY 335,180/ton, while nickel price fell 1.5% to CNY 206,670/ton.
London’s nickel contract fell for two days in a row, and traders say the price of nickel is likely to continue falling until it reaches parity with the metal’s price in China.

Data from China’s National Bureau of Statistics shows that China’s refined copper output in the first two months of 2022 increased by 4.5% year-on-year to 1.7 million tons. Hybrid of some metals on the Shanghai Exchange (Unit: CNY/ton).