September 2021

MORNING VIEW: Metals mixed, with dip buying evident on LME; SHFE weaker

Base metals prices were mostly slightly up on the LME but weaker on the SHFE this morning, Thursday September 30, but overall the markets seem to be consolidating while they await big-picture developments.

MORNING VIEW: Metals face headwinds as treasury yields, dollar rise, fallout from Evergrande looms

Base metals prices were mixed on the morning of Wednesday September 29 while they consolidated against a backdrop of numerous headwinds.

MORNING VIEW: LME copper price up, others weaker against complicated background

Base metals prices were mainly lower across both the London Metal Exchange and the Shanghai Futures Exchange on Tuesday September 28, the exception was LME copper.

MORNING VIEW: Base metals mixed, but generally still holding up well

Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.

Community blockade halts zinc, lead, silver mining at Buenaventura mine in Peru

Peruvian miner Buenaventura’s Uchucchacua zinc, lead and silver mine in the center of the country has been put under blockade by members of the local community, halting all mining and logistics activity at the site.

MORNING VIEW: Base metals mixed, markets reacting to developments at China's Evergrande, US Fed outlook

Base metals prices were mixed on both the LME and SHFE on Thursday September 23, with the broader markets welcoming the news that Chinese property giant Evergrande has avoided imploding, for now, and not spooked by the US Federal Reserve's more hawkish outlook.

Sandfire to invest $1.87bln in Matsa's copper, zinc, lead assets in Spain

Australian mining and exploration company Sandfire Resources will buy Spain's Minas de Aguas Teñidas (Matsa) for $1.87 billion from Trafigura and the Mubadala Investment Co, the company said on Thursday September 23.

MORNING VIEW: Base metals firmer on LME; dip buying activity evident again

Base metals prices on the LME were mainly rebounding on Wednesday September 22, after dip buyers took advantage of Tuesday's price weakness, while metals in Shanghai were mixed but mainly down in response to the downturn in London this week.

MORNING VIEW: Base metals with strong fundamentals hold up – will the usual dip-buying support the others?

Base metals prices have generally been under pressure in recent days while broad-based risk-off has weighed on the market, but the metals were looking more mixed on the morning of Tuesday September 21, suggesting consolidation after Monday’s average loss of 1.6% across the London Metal Exchange base metals.

MORNING VIEW: Base metals mixed across exchanges, but mostly standing still

Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.