April 2020

MORNING VIEW: Metals prices stronger across the board, helped by rebound in oil prices

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange are firmer this morning, Thursday April 23, but the price pullbacks in recent days have questioned the robustness of the earlier rebounds.

GLOBAL TIN WRAP: European 99.9% premium declines on lackluster demand; US market flat

Less tin is being produced during the continuing Covid-19 pandemic but demand for the metal remains mixed, keeping most global premiums flat this week.

BASE METALS WARRANT REPORT 22/04

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 22.

LIVE FUTURES REPORT 22/04: LME copper price stages modest 2% recovery; nickel nears $12,000/t amid 1.3% drop

The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday April 22, with its price action breaching nearby resistance at $5,100 per tonne, while nickel futures lost ground over the day.

LIVE FUTURES REPORT 22/04: LME nickel dips below $12,000/t in 2.6% slide

The London Metal Exchange three-month nickel price shed 2.6% to trade below $12,000 per tonne in the morning session on Wednesday April 22, with the global Covid-19 pandemic and prolonged lockdowns continuing to cap base metals futures.

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

MORNING VIEW: Metals weak in early trading but could benefit from pick-up seen in wider markets

Despite signs of the Covid-19 virus being brought more under control with daily death tolls in most major economies now in decline, the rebound in demand is slow and this seems to be weighing on metals prices this morning, Wednesday April 22.

IN CASE YOU MISSED IT: 5 key stories from April 21

Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.

Tantalum prices climb on tight supply amid Central Africa lockdowns

Tantalum prices have found support due to tightness of supply and concerns about obtaining material during the continued lockdowns in central African countries imposed to control the spread of the Covid-19 pandemic.

LIVE FUTURES REPORT 21/04: LME base metals suffer losses amid risk-off sell off

London Metal Exchange base metals were universally trading down at the close on Tuesday April 21, with risk-off sentiment capping LME base metals' futures prices, which precipitated a broad-base sell off across the whole complex.