November 2020

MORNING VIEW: Base metals mainly bullish; copper romps ahead, helped by strong Chinese data

Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers’ index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.

MORNING VIEW: Base metals bullish; copper, nickel in driving seat

The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.

MORNING VIEW: LME copper price extends gains, other metals hold up in high ground

Markets were generally buoyant this morning, Thursday November 26, with more certainty on the horizon than of late, helped by US president-elect Joe Biden’s transition to the White House and with a rollout of the vaccines now insight, if things go according to plan.

US Army report denies key permit for controversial Alaska copper mine

The US government rejected a permit application for Northern Dynasty’s Pebble Mine on Wednesday November 25, a move which it was said would probably scuttle the controversial project in Alaska.

MORNING VIEW: Record highs on the Dow Jones highlight surge in confidence, which underpins already strong base metals

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday November 25, as were those on the Shanghai Futures Exchange, but overall they seem to be consolidating in high ground, with copper having set a fresh high for the year at $7,360 per tonne earlier this morning.

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.

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.

MORNING VIEW: Base metals upbeat despite numerous global headwinds

The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar.

PEOPLE MOVES: SPMP appoints Joel Montgomery as CEO

Strategic & Precious Metals Processing (SPMP) has named Joel Montgomery as its new chief executive with effect from November 1, Fastmarkets learned.

MORNING VIEW: Base metals consolidate in high ground as wider markets face headwinds

The base metals were consolidating recent gains but generally holding up near high ground this morning, Thursday November 19 – this despite some nervousness emerging in wider markets about the rapid spread of Covid-19.