Breaking Views | Base Metals

• Metals stronger as supply fears dominate, especially for copper, zinc

  [ Base Metals ]

  09 July 2020

  Broad markets were managing to remain upbeat this morning, Thursday July 9, despite the rapid spread of the Covid-19 virus across some continents, while the base metals were rallying on the back of numerous supply disruptions, especially affecting copper and zinc.

• Broader markets softer, base metals prices mixed while China’s rally continues

  [ Base Metals ]

  08 July 2020

  With the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Wednesday July 8, while base metals prices on the London Metal Exchange were little changed and those on the Shanghai Futures Exchange were generally firmer.

• Base metals prices hold firm, most Asian equities weaker while China’s rally continues

  [ Base Metals ]

  07 July 2020

  With the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Tuesday July 7, while base metals prices on the London Metal Exchange were mixed, although in general were holding up well.

• Base metals prices firmer amid strength in broader markets in Asia

  [ Base Metals ]

  06 July 2020

  Asian equities markets were stronger this morning, Monday July 6, and that has helped drive gains averaging 0.8% across the three-month base metals prices on London Metal Exchange.

• Metals pause for thought, but remain buoyant overall

  [ Base Metals ]

  03 July 2020

  Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.

• Markets buoyant on vaccine hope; all eyes on today’s US employment report

  [ Base Metals ]

  02 July 2020

  Markets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.

• Markets torn between better economic data and worsening Covid-19 situation

  [ Base Metals ]

  01 July 2020

  There are many crosswinds for the markets to contend with this morning, Wednesday July 1, with better manufacturing data in Asia and interest rate cuts in China, but a deteriorating Covid-19 situation - especially in parts of the Americas - and raised geopolitical tension over Hong Kong.

• Broader markets firmer despite mixed economic data, Covid-19 concerns

  [ Base Metals ]

  30 June 2020

  Asian-Pacific equities and pre-market major western equity index futures were stronger this morning, Tuesday June 30, while base metals prices were for the most part firmer too - this despite Federal Reserve chairman Jerome Powell saying the US economy faces “extraordinary uncertainty”.

• Supply threats underpin base metals prices; broader markets weaker on Covid-19 spread fears

  [ Base Metals ]

  29 June 2020

  Asian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer.

• Base metals prices firmer in light volume; gold consolidates

  [ Base Metals ]

  26 June 2020

  Markets were mainly firmer this morning, Friday June 26, with the base metals up across the board and most Asian-Pacific equities indices showing gains, while gold prices were consolidating - all of which suggesting a light risk-on sentiment.