June 2021

MORNING VIEW: LME base metals run into dip buying after recent weakness

Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.

UK, Australia agree on post-Brexit free trade deal

The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.

Zijin's major Serbian copper mine debut postponed to Q4 - local media

The debut of Zijin Mining 's new Serbian copper mine has been postponed to the fourth quarter of 2021, local media See News reported on Tuesday June 15.

MORNING VIEW: Base metals fall despite robust broader markets

Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.

MORNING VIEW: LME metals mixed in quiet trade with China on holiday

Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions.

Industry investment in Chile unlikely until fiscal regime resolved, Freeport exec says

The metals and mining industry is unlikely to invest significantly in Chile until uncertainty surrounding the country's fiscal framework is resolved, the chief financial officer of Freeport-McMoRan said.

MORNING VIEW: Underlying support in base metals continues to look robust

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9.

MORNING VIEW: Base metals prices quiet, mixed while they wait for direction

With the exception of tin that was perched just below recent multi-year highs and aluminium that was little changed, base metals prices on the London Metal Exchange were weaker this morning, Tuesday June 8.

MORNING VIEW: LME metals mixed after Friday’s employment data rebound falters

Base metals prices on the London Metal Exchange were mainly lower this morning, Monday June 7, after the rally sparked by Friday’s worse-than-expected US employment report ran out of steam.

Umicore unveils plans for carbon-neutral production

Belgian metals and battery materials company Umicore plans to reach net zero greenhouse gas emissions by 2035, it said in a webinar on Wednesday June 2.