March 2021

MORNING VIEW: LME base metals prices run into support after Tuesday’s weakness

Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.

Nornickel stops water inflow at one Siberian mine, confirms production restart plan

Nornickel has stopped the inflow of water at its Oktyabrsky mine, one of two flooded mines in its Norilsk Division, and will resume production at both operations in line with the plan announced earlier this month, the company said on Monday March 29.

MORNING VIEW: Base metals prices mainly firmer, but consolidation dominates

Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week’s hedge fund troubles.

MORNING VIEW: Base metals prices mixed regionally; cross currents flowing through broader markets

Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.

MORNING VIEW: Dip-buying in base metals suggests underlying sentiment remains strong

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday March 26, suggesting overall sentiment remains bullish while participants see dips as a buying opportunity.

Nexa Resources restarts open-pit at Atacocha unit in Peru

The San Gerardo open-pit zinc-lead mine in Peru, part of the Atacocha plant, has resumed activities after 20 days of downtime because of community demonstrations that were blocking the road to the facilities, Brazilian base metals producer Nexa Resources said on Tuesday March 23.

MORNING VIEW: Base metals prices consolidate after Tuesday’s general weakness

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday March 24, while those on the Shanghai Futures Exchange were for the most part weaker, following Tuesday’s weakness on the LME.

AT A GLANCE: China Moly’s mining, processing revenue down 4% in 2020

A summary of China Molybdenum Co’s annual report filed to the Shanghai Stock Exchange on Tuesday March 23.

MORNING VIEW: Metals prices generally weaker, as were broader markets

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange, as well as spot precious metals prices, were mainly weaker this morning, Tuesday March 23, as were broader markets.

IN CASE YOU MISSED IT: 5 key stories from March 22

Here are five Fastmarkets stories you might have missed on Monday March 22 that are worth another look.