June 2020

IN CASE YOU MISSED IT: 5 key stories from June 2

Here are five Fastmarkets stories you might have missed on Tuesday June 2 that are worth another look.

LIVE FUTURES REPORT 02/06: LME lead price outperforms in 2.5% incline; copper, tin breach resistance

The London Metal Exchange three-month lead price was the standout performer at the close on Tuesday June 2 on continued optimism over easing pandemic concerns, while continued unrest in the United States did little to cap upward price action across the complex.

LIVE FUTURES REPORT 02/06: LME nickel price continues to climb; tin stocks keep falling

The London Metal Exchange three-month nickel price was the standout performer during morning trading on Tuesday June 2, climbing by 1.4% and continuing the buying momentum that emerged on Monday, while declining LME tin stocks support the price.

ITA adds voice to calls to aid artisanal miners during Covid-19

The International Tin Association (ITA) has echoed “emergency calls” to protect vulnerable artisanal miners during the Covid-19 pandemic, which is said to jeopardize a decade of progress in responsibly sourcing metals and minerals.

LIVE FUTURES REPORT 01/06: LME copper price nears $5,500; US construction spending lends support

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday June 1, needing only a further slight push to rise above $5,500 per tonne – a level it has not breached since March 11 – while a smaller-than-expected fall in US monthly construction spending also supported the base-metals complex.

LIVE FUTURES REPORT 01/06: LME copper price pushes above $5,400/t; outflows strengthen tin price

The three-month copper price on the London Metal Exchange inched up 0.8% during morning trading on Monday June 1, pushing back above nearby resistance levels amid strong turnover, while a 200-tonne outflow for LME tin stocks kept its price elevated.