Weak consumer confidence blocks rally
After rallying in the first few weeks of August, the major base metals markets gave up a substantial portion of their gains in the period Aug. 27-31. Long liquidation, accompanied by some fresh commod…
Viking Gold Exploration Inc
Base metals stand firm
Base metals markets enjoyed a second good week during the Aug. 20-24 period, with most managing to at least hang on to the gains made late the previous week.Nickel was the strongest performer, as the …
Life signs for base metals
During the report period Aug. 13-17, the base metals complex put in its strongest performance since late May, which suggests that the long downtrend in prices may be turning at last.Because the bulk o…
Nickel’s fickle, zinc sinks
Aug. 6-10 was another poor week for base and precious metals prices, characterized by declines right across the board and week-on-week losses in all markets except gold. After tin (which registered a …
Nickel takes the blows
Another poor week for base metals saw a slight reduction in the rate of inventory build-up in London Metal Exchange (LME) warehouses but no let-up to the steady downtrend in prices across most of the …
Zinc regains strength
The downturn in base metals prices accelerated during the report period July 23-27, with average London Metal Exchange (LME) cash prices of tin, nickel and copper shedding 4.5%, 3.5% and 3.3% respecti…
That sinking feeling
Worse-than-expected industrial production data for the U.S. and the European Monetary Union (the eurozone IP moving into negative territory, year over year, for the first time at minus 0.1% in May), t…
Summer holidays keep prices suppressed
The deterioration in base metals prices continued across the board during the report period July 2-6. The only variation was the scale of price falls, which ranged from a 0.2% fall in aluminum cash pr…
Producer and Dealer Prices (July 09, 2001)
Antimony: Mid-mkt US$1,110/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.40-11.50/lb.Copper: Comex Sept. US$0.714/lb.
Another bummer for nickel, copper
Base metals suffered their third consecutive week of across-the-board declines during the report period June 11-15 as recent price support came under renewed attack. Nickel and copper were the hardest…
Copper and zinc test new lows
The base metals market deteriorated further during the report period June 4-8. Only the performance of tin, the average cash price of which gained 3% on aggressive fund buying, saved it from an across…
Data point to shrinking demand
During the report period May 28-June 1, base metals moved back to test the bottom end of their recent price ranges and, as a result, posted some large declines. Copper, aluminum and nickel all registe…