US indicators surpass expectations
Metals prices traded in buoyant fashion for most of the report period Jan. 21-25, feeding off unexpectedly good economic data and strong technical indicators. Weakness crept in late on Jan. 25, pushin…
Viking Gold Exploration Inc
Data point to turnaround
The decline over the Jan. 14-18 period in base metals has highlighted the extent to which markets heralded the new year with over-optimistic expectations akin to a false dawn.Large price increases and…
Base metals surprisingly buoyant as new year begins
Against most expectations, including our own, base metals have opened the year in buoyant mood. Early in the report period Jan. 7-11, they sparked sharply higher in response to fresh buying by commodi…
Mixed opening for 2002
Base metals enjoyed a mixed opening to the new year (report period Jan. 2-4). Two of the less-fashionable metals, lead and zinc, saw sizable mid-week rallies and closed strongly on Jan. 4. In contrast…
Mounting metals stocks cast pall over new year
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …
Base metals tumble, gold stagnant
As expected, base metals fell sharply during the period Dec. 3-7. Moreover, after breaking through key technical levels and closing poorly at the end of the week, further declines look probable in the…
Enron demise shakes metals markets
Base metals prices put in a mixed performance during the report period Nov. 26-30, driven by further production cuts and by differing responses to Enron’s troubles (see editorial, page 4). Copper, whi…
Daily Metal Prices (December 10, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28Aluminium…
Producer and Dealer Prices (December 03, 2001)
Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.40/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Dec. US$0.7035/lb.
Daily Metal Prices (December 03, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 27Nov. 26Nov. 23Nov. 22Nov. 21Aluminium…
Daily Metal Prices (November 26, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14Aluminium1352/1367.501375/1389.501370/1388…
Signs of hope for base metals
In the immediate term, base metals prices are in a more robust state than they have been for some time. Copper prices ended the report period Nov. 12-16 up 7.1%, aluminum was 6.7% stronger, and zinc g…