November 2020

Trevali says benchmark zinc TCs will fall, moves to hedge 2021 production

Canadian zinc miner Trevali has moved to hedge a significant portion of its 2021 zinc production at current price levels, with exchange prices at 18-month highs.

PEOPLE MOVES: Ex-Rusal, Vale sales director Katsiouleris joins trader Tiberius

Trader Tiberius Group has appointed Bob Katsiouleris to its executive management board as part of the company’s drive to expand its global footprint, the company told Fastmarkets on Tuesday November 24.

LIVE FUTURES REPORT 24/11: Copper sets new year-to-date high, others follow upward

The three-month copper price on the London Metal Exchange rose to a peak not seen since June 2018 this morning, Tuesday November 24, pulling the rest of the complex higher after a day of correction on Monday.

MORNING VIEW: Copper sets fresh high; broader markets mostly upbeat, while gold suffers

The base metals on the London Metal Exchange were firmer across the board this morning, Tuesday November 24, although those on the Shanghai Futures Exchange were mixed following the weakness seen on the LME on Monday.

LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.

LIVE FUTURES REPORT 23/11: LME complex steady from recent highs

London Metal Exchange three-month base metals prices remained broadly unchanged - amid an upbeat sentiment on Monday November 23 - from the previous Friday’s session, when most prices rallied on account of momentum-based trading.

MORNING VIEW: Base metals prices, broader markets remain upbeat

The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals.

LIVE FUTURES REPORT 19/11: LME copper price rises 2.6% to June 2018 high amid risk-on mood

The three-month copper and lead London Metal Exchange prices ended the week on the rise, hitting June-2018 and January-2020 highs respectively at the 5pm close on Friday November 20, capitalizing on momentum-based trading which pushed the whole complex up.

SHFE STOCKS REPORT 20/11: Copper stocks at lowest since 2015

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses showed significant divergences in the week to Friday November 20, with copper slumping by 18% and tin surging by 10%.

LIVE FUTURES REPORT 19/11: LME complex makes incline; Cu up 1%

Base metals prices on the London Metal Exchange all started Friday November 20 higher on hopes of future infrastructure spending and despite the fact that US Treasury Secretary Steven Mnuchin said the Federal Reserve would not to extend its emergency lending programs to businesses past the end of 2020.