July 2021

MORNING VIEW: Base metals prices consolidate on a back foot as upside mainly capped

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally weaker this morning, Wednesday July 14, after stronger-than-expected inflation data from the United States on Tuesday raised concerns.

Sandfire's Botswana copper mine to start production in 2023 after gaining license

Sandfire Resources' Motheo copper mine in Botswana will come online in 2023, the mid-tier copper and gold miner said this week, after acquiring a mining license for the project.

MORNING VIEW: Base metals mixed, but broader markets generally weaker

Base metals prices on both the LME and SHFE were mixed this morning, Thursday July 8, after the United States Federal Reserve’s latest minutes showed a slight pick-up in hawkishness.

MORNING VIEW: Base metals start to recover after Tuesday sell-off – all eyes on US Fed

Base metals prices on the London Metal Exchange were up across the board this morning, Wednesday July 7, suggesting dip buying after Tuesday’s weakness that saw copper, aluminium and nickel fall by 2%, or more.

MORNING VIEW: Base, precious metals looking stronger again as dollar weakens

Base metals prices on the Shanghai Futures Exchange, apart from those for lead, were up during morning trading on Tuesday July 6. Those on the London Metal Exchange were mixed, but that was after a generally positive day on Monday.

MORNING VIEW: Base, precious metals higher across the board in Shanghai

Base metals, iron ore, rebar and precious metal prices on the Shanghai Futures Exchange were up across the board this morning, Monday July 5, with all the base metals, apart from lead, also higher on the London Metal Exchange.

MORNING VIEW: Base metals prices mixed, showing some divergence

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday July 2, and were looking quite divergent.