April 2021

MORNING VIEW: Base metals prices boosted by dovish Fed, bullish Biden

With the exception of lead on the Shanghai Futures Exchange, base metals prices were stronger this morning, Thursday April 29, reassured that Federal Reserve would keep policy loose and because United States President Joe Biden pumped up the outlook for the US by saying the country is “ready for takeoff".

MORNING VIEW: Base metal price rallies consolidate after strong run, ahead of major meetings

With the exception of the June nickel contract, base metals prices on the Shanghai Futures Exchange were weaker this morning, Wednesday April 28.

AT A GLANCE: Boliden reports weak Q1 output; profits down on last quarter of 2020, but up year on year

A summary of Swedish metals producer Boliden's financial and production results for the first quarter of 2021, as released on Tuesday April 27.

MORNING VIEW: Base metals prices mainly higher, with nickel getting into gear too

Copper is once again pushing ahead with its advance toward $10,000 per tonne this morning, Tuesday April 27, and such is the upward momentum now across most of the complex that it has woken nickel up from its two-month slumber in low ground.

MORNING VIEW: Copper shoots higher, at fresh highs for the year; broader markets buoyed by strong data

Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers’ index (PMI) data that was out on Friday.

MORNING VIEW: Base metals tread water, broader markets more jittery

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.

AT A GLANCE: OZ Minerals’ copper production up 33% in Q1; gold output dips

A summary of Australian miner OZ Minerals’ copper and gold production results for the first quarter of 2021, as released on Thursday April 22.

MORNING VIEW: Aluminium leads on the upside, other base metals shy away from the highs

Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.

MORNING VIEW: Base metals prices up on LME, down on SHFE; haven assets in demand

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.

AT A GLANCE: Nornickel Q1 copper, nickel output falls

A summary of Russian miner Nornickel's production results for the first quarter of 2021 as stated in a company announcement released on Monday April 19.