July 2020

MORNING VIEW: Markets weaker, nervous in case US corporate earnings trigger a reality check

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty.

MORNING VIEW: Broader markets start week on front foot; fresh supply disruption concerns underpinning the metals

Broader markets were upbeat this morning, Monday July 13, with Covid-19, weather-related supply disruptions and the threat of a labor strike at the Zaldivar copper mine in Chile driving sentiment.

Nornickel fine may hit Rusal's credit: Fitch

UC Rusal’s credit may suffer from a $2.1 billion fine imposed on Nornickel, almost 28% of which is owned by Rusal, Fitch Ratings said.

MORNING VIEW: Metals stronger as supply fears dominate, especially for copper, zinc

Broad markets were managing to remain upbeat this morning, Thursday July 9, despite the rapid spread of the Covid-19 virus across some continents, while the base metals were rallying on the back of numerous supply disruptions, especially affecting copper and zinc.

MORNING VIEW: Broader markets softer, base metals prices mixed while China’s rally continues

With the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Wednesday July 8, while base metals prices on the London Metal Exchange were little changed and those on the Shanghai Futures Exchange were generally firmer.

Nornickel fined $2.1bln over Arctic oil spill

Nornickel should pay $2.1 billion in damages for an unprecedented oil leak in the Arctic by a company subsidiary, Russia’s Environment Supervision Agency, Rosprirodnadzor, suggested on Monday July 6.

IN CASE YOU MISSED IT: 5 key stories from July 7

Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.

PRICING NOTICE: Proposal to discontinue 5 precious metals price assessments

Fastmarkets proposes to discontinue five precious metals price assessments due to the limited liquidity of the markets in question and to focus on its core markets.

NEWSBREAK: Demonstrations halt road transportation in South Africa

Protests on Tuesday July 7 have halted road freight transportation in South Africa.

MORNING VIEW: Base metals prices hold firm, most Asian equities weaker while China’s rally continues

With the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Tuesday July 7, while base metals prices on the London Metal Exchange were mixed, although in general were holding up well.