April 2020

MORNING VIEW: Base metals prices mixed, but broader markets looking firmer

Metals prices generally seem to be consolidating this morning, Wednesday April 29, and for the most part look well placed to extend gains, but whether underlying confidence is strong enough in these uncertain times remains to be seen.

IN CASE YOU MISSED IT: 5 key stories from April 28

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.

Rwanda allows some tantalum mines, exports to restart - sources

Rwanda has allowed some mines and exporters in the country to resume operations starting from Tuesday April 28, sources told Fastmarkets.

LIVE FUTURES REPORT 28/04: LME base metals prices directionless in lackluster day’s trade

Upside momentum in London Metal Exchange base metals prices was capped during the afternoon session on Tuesday April 28 while pervading uncertainty across the complex left three-month prices mixed at the close.

LIVE FUTURES REPORT 28/04: LME base metals prices consolidate; copper supported by 7,300t fresh cancellation

Base metals prices on the London Metal Exchange consolidated during morning trading on Tuesday April 28, characterized by thin volumes and sideways trading, while a 7,300-tonne fresh cancellation from Asian locations bolstered copper’s price incline.

MORNING VIEW: Metals prices mixed but China’s plan to subsidize inventory stockpiling likely to provide support

Metals prices were consolidating during morning trading on Tuesday April 28 after the promising start to the week faded on Monday, but talk that Chinese provincial governments are offering to subsidize inventory accumulation could well turn out to be a supportive factor.

IN CASE YOU MISSED IT: 5 key stories from April 27

Here are five Fastmarkets stories you might have missed on Monday April 27 that are worth another look.

LIVE FUTURES REPORT 27/04: LME tin price outperforms in 3.8% rally; zinc holds above $1,900/t

The three-month tin price on the London Metal Exchange was the standout metal at the close of trading on Monday April 27, settling at its highest price since April 14 amid robust daily trading volumes.

More Chinese local governments to subsidize base metals buying - sources

More provincial governments in China are offering incentives to companies to purchase base metal products, in a highly unusual move to avoid inventory piling up at a time of demand uncertainty, Fastmarkets understands from official documents and industry sources.

AT A GLANCE: Marex Q1 revenue up 41% on market volatility

A summary of London Metal Exchange ring dealer Marex Spectron's results for the first quarter of 2020 and the year ending December 31, 2019.