June 2020

Covid-19 breaking supply chains, encouraging reshoring - GSA says

The recent tariffs and trade wars had already stretched global supply chains to breaking point, but the Covid-19 pandemic broke those chains, according to a report by Gold Street Advisors (GSA).

LIVE FUTURES REPORT 04/06: LME copper price clears $5,500 in steady recovery; lead's rise tops complex

The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday June 4, recovering from a morning slump to breach nearby resistance levels amid low turnover.

Katanga now wholly-owned by Glencore in deal to take company private

Katanga Mining has been taken private by Glencore International AG after shareholders voted overwhelming in favor of a definitive agreement to amalgamate the company with 836074 Yukon Inc, a wholly-owned Katanga subsidiary.

LIVE FUTURES REPORT 04/06: LME copper price sinks 0.8% despite 20kt fresh cancelation; lead falls below $1,700/t

The three-month copper price on the London Metal Exchange was down during morning trading on Thursday June 4, falling below the $5,500-per-tonne support level in a complex-wide downturn that saw risk appetite soften, while lead futures led on the downside with a 1.9% fall over the morning.

MORNING VIEW: Markets mixed with metals weaker, while equities remain upbeat

The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger.

IN CASE YOU MISSED IT: 5 key stories from June 3

Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.

BASE METALS WARRANT REPORT 03/06

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 3.

LIVE FUTURES REPORT 03/06: LME base metals prices consolidate after recent strength

Base metals price on the London Metal Exchange had moved sideways at the close of trading on Wednesday June 3, with most of the complex maintaining gains made earlier in the week against a steady improvement in risk-appetite.

PRICING NOTICE: Proposal to launch China No2 copper material discount assessment

Fastmarkets is launching a two-month consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis.

A 6.8-magnitude quake strikes northern Chile’s key copper mining area

An earthquake with a magnitude of 6.8 has hit the Antofagasta region of Northern Chile, which is home to a cluster of major copper mines, Fastmarkets understands.