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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2019 | Base Metals


Market Summary: More of the same


The underlying story defining sentiment in the base metals has not changed significantly, with a preliminary US-China trade deal apparently within reach, but in danger of being delayed, or worse, while other geopolitics unfold. Most base metals are largely oscillating sideways at best, or lower at worst, as the wait continues.

More of the same
The underlying story defining sentiment in the base metals has not changed significantly, with a preliminary US-China trade deal apparently within reach, but in danger of being delayed, or worse, while other geopolitics unfold. Most base metals are largely oscillating sideways at best, or lower at worst, as the wait continues.

Aluminium: Price struggling higher
Despite the better-than-expected Chinese manufacturing PMI data, aluminium prices continue to struggle. Technically, a sustained break above the 100-day moving average may help to change the tone for the better.

Copper: Rebound to continue in near term

Copper prices have rebounded well since September, despite an unsupportive macro environment. We attribute...

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