August 2021

Teck's lead, zinc operations in British Columbia disrupted by wildfire smoke

Work at miner Teck Resources’ Trail Operations, in southwestern British Columbia, Canada, has been disrupted by smoke from wildfires in the region, Teck announced on Wednesday August 4.

MORNING VIEW: Base metal prices sluggish on summer slowdown

Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.

LIVE FUTURES 05/08: LME prices pick up; cancellations in zinc, lead stocks

All London Metal Exchange prices barring copper had small upticks on the morning of Thursday August 5, while 5,200 tonnes of zinc and 2,500 tonnes of lead were booked for removal from LME inventories.

BASE METALS WARRANTS REPORT 04/08

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4

LIVE FUTURES 04/08: Mild decreases for most LME metals amid low volumes

London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.

LIVE FUTURES 04/08: Marginal moves on LME after lower numbers across metals on Tuesday

There were small gains and losses on the morning of Wednesday August 4 on the London Metal Exchange following a bout of selling on Tuesday, which caused some metals in the complex to drop below their psychological resistance prices.

MORNING VIEW: Base metals prices mixed, but overhead resistance dominates

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday August 4, and those on the Shanghai Futures Exchange were all weaker.

GLOBAL ZINC & LEAD WRAP: Premiums stable on LME contango, closed Chinese arbitrage

Global lead and zinc premiums were unchanged on Tuesday August 3 amid clashing upward and downward pressure, with the cash/three-month spread in contango on the London Metal Exchange, the arbitrage loss in China widening, and demand remaining healthy.

LIVE FUTURES 03/08: Declines across board show zinc down 2%, copper down1.6%

Zinc’s three-month price fell to $2,969.50 per tonne at the close of trading on the London Metal Exchange on Tuesday August 3, with the entire base-metals complex turning lower during the day and with Covid-19-related concerns returning to prominence.

LIVE FUTURES: Zinc leads LME tumble, sheds 2%

Base metals prices fell across the board on the London Metal Exchange on Tuesday August 3, with zinc experiencing the biggest drop amid a reversal of risk-on sentiment surrounding United States infrastructure and with the Covid-19 situation remaining in focus.