August 2021

MORNING VIEW: Base metals prices upbeat despite weak Chinese PMI data

Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday August 31, while those on the Shanghai Futures Exchange were more mixed.

MORNING VIEW: Base metals tread water ahead of Fed chair Powell’s speech

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday August 27 while market participants wait to hear what United States Federal Reserve chair Jerome Powell has to say about the US monetary policy timeline when he speaks later today.

MORNING VIEW: LME base metals prices down across the board in early trading

Base metals prices on the London Metal Exchange were weaker on the morning of Thursday August 26, although for the most part they seem to be consolidating after recent volatility.

MORNING VIEW: LME base metals - another rebound after another shake-out

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Wednesday August 25, although they had previously rebounded from last week’s weakness.

AT A GLANCE: China Molybdenum net profit up 139% in H1

A summary of the financial and performance results for China Molybdenum for the first half of 2021, published on Monday August 23.

MORNING VIEW: LME base metals mainly weaker as dollar rises, SHFE stronger

Base metals prices on the LME were mainly weaker this morning, Wednesday August 11, after average rebound gains of 1.4% on Tuesday, while SHFE base metals prices were mainly stronger in reaction to yesterday's LME gains.

MORNING VIEW: LME base metals run into dip buying again

Base metals prices on the London Metal Exchange were up across the board this morning, Tuesday August 10, this after a day of weakness on Monday – once again it looks like dips are being seen as a buying opportunity.

MORNING VIEW: A chaotic start for gold and silver - base metals under pressure too

Stronger-than-expected United States employment figures on Friday August 6 turned the dollar higher, which weighed on prices, with most base metals weaker this morning, Monday August 9, but gold and silver underwent a ‘flash crash’ at the start of trading in Asia.

Brazilian mining industry to oppose bill to set higher royalties on all metals

Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be no surprise that the industry is fiercely against such a move.

MORNING VIEW: Base metal prices sluggish on summer slowdown

Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.