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

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Base Metals

27 April 2021 Issue

  • Copper back above $10,000 per tonne, others all strong too


    05 May 2021

    Base metals are experiencing strong gains again on the morning of Wednesday May 5 with relatively high volumes being traded on the London Metal Exchange despite the absence of Chinese market participants observing a Labor Day break.

  • LME base metals prices consolidating in high ground


    04 May 2021

    With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne.

  • Base metals prices boosted by dovish Fed, bullish Biden


    29 April 2021

    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".

  • Base metal price rallies consolidate after strong run, ahead of major meetings


    28 April 2021

    With the exception of the June nickel contract, base metals prices on the Shanghai Futures Exchange were weaker this morning, Wednesday April 28. This is after strong gains in recent weeks and likely reflects some caution ahead of the United States Federal Open Market Committee (FOMC) meeting and US President Joe Biden’s address to Congress.

  • Downloadable Base Metals Weekly Data: 27 April 2021

    27 April 2021

    Downloadable data for week 27 April 2021