Metals hang on to recent gains
During the report period May 21-25, the major metals traded on the London Metal Exchange (LME) held onto gains that had been made in the previous week. In terms of cash price performance, copper was t…
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Are speculators turning positive?
Base metals prices ended the report period May 14-18 strongly, with aluminum, copper and lead prices all achieving their best closes for the past few weeks and nickel sustaining big gains achieved in …
Producer and Dealer Prices (May 21, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.95-11.60/lb.Copper: Comex July US$0.755/lb.
Nickel enjoys dramatic rally
Metals markets were volatile during the report period May 7-11, with sharp downward adjustments in aluminum and copper prices and a dramatic rally in nickel. The London Metal Exchange (LME) 3-month ni…
Copper, nickel gain despite slowdown
Metals prices are proving to be resilient in the face of slowing economic growth and a barrage of discouraging economic indicators. In the race for stability and strength between the U.S. dollar and t…
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…
Base metals gain steam
The report period April 9-12 was encouraging for base metals markets, based on strong rallies in nickel, which saw its average cash price gain 5.2%, and aluminum, which gained 1.8%. Both markets were …
Cutbacks bolster nickel
What had appeared to be a promising rally in base metals markets earlier on in the week of April 2 turned into something of a rout on April 6 as both copper and aluminum prices shed US$30-40 per tonne…
Turning point may be in sight
The report period March 26-30 saw metal prices decline further. The copper market registered its disappointment at the scale of Phelps Dodge’s long-awaited production cuts by sending the London Metal …
Slumping copper typical of base metals complex
The report period March 19-23 was a mixed one for base metals, as markets were dominated by collapsing global equities values. Copper prices continued in the steep downtrend established in early March…
Ominous signs for copper, nickel
The report period March 12-16 was a poor one for base metals as turmoil in international equities markets spilled over into sharp price falls across the whole of the complex. Aluminum was hardest-hit,…
Nickel shows signs of resilience
Base metal prices on the London Metal Exchange (LME) were fairly stable during the report period March 5-9, the only exceptions being copper, which saw a gain in the weekly average cash price of 2.4%,…