Base metals steady as summer approaches
The major base metals continued to trade steadily to slightly lower during the report period May 20-24. The fillip of much-better-than-expected U.S. durable goods orders helped push prices to a fairly…
Copper Creek Gold Corp
Metals markets stay focused on fundamentals
There has been a clear split in metals price movements during the report period May 6-10 as copper and nickel held on to higher levels, while aluminum and zinc fell sharply. This is evidence of a grea…
Daily Metal Prices (May 20, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 14May 13May 10May 9May 8Aluminium…
Prices weak despite recovery prospects
The metals markets all gave way to price weakness during the report period April 29-May 3, even though manufacturing data from both the U.S. and the eurozone are providing clear evidence that improvem…
Recovery concerns grow
The U.S. economy is entering a critical period. Confidence in the recovery has begun to wane, economic data have failed to provide a completely comprehensive and convincing picture, and even better-th…
Leading indicators turn north for base metals
After a wobble early on in the report period March 25-28, the base metals markets regained their poise, helped by encouraging economic data out of both the U.S. and Europe. Nonetheless, the funds rema…
Poor fundamentals lurk
Some market-watchers continue to suspect that the first-quarter rally in base metals prices was premature and overdone. Prices fell sharply under the pressure of long liquidation by funds on March 22,…
US industrial growth boosts prices
METALS COMMENTARYGrowth in U.S. industrial production accounts for the price increases seen throughout the first quarter and indicates that business fundamentals in that country have responded well to…
Daily Metal Prices (March 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 12March 11March 8March 7March 6Aluminium…
US manufacturing data point to rebound in prices
In light of much-better-than-expected manufacturing data from the U.S. and Europe, which pushed base metals prices to strong closes at the end of the report period Feb. 25-March 1, the short-term risk…
Red metal suffers setback
Copper prices ended the report period Feb. 18-22 by giving up almost all the gains they had made since late January. On Feb. 22, the 30-month price on the London Metal Exchange closed just above the 1…
Short-term prospects dim in mineral commodity markets
It’s annual-report season, and given the difficult trading conditions of late, it isn’t surprising that many companies are reporting mixed results. What is cause for concern, however, is that most min…