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.

AT A GLANCE: Glencore H1 revenue rises by 32% as commodities prices surge

A summary of Glencore’s financial results for the first half-year of 2021, released on Thursday August 5.

AT A GLANCE: Trevali revenues rise following Caribou restart, but FY2021 guidance cut

A summary of second-quarter 2021 financial results and statements from Canadian zinc producer Trevali, released by the company on Thursday August 5.

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.


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.

China’s tendered zinc sells at big discount in second round

Chinese downstream fabricators actively bid for discounted zinc during the second round of state auctions, with the 50,000 tonnes of zinc almost sold out on Thursday on July 30, sources said.

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.