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…
Copper Mountain Mines Ltd
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…
Base metals trend upward following copper production cuts
Base metals were in a strong position at the end of the report period Nov. 5-9. In a delayed reaction to cuts to copper production, prices across the whole base metals complex broke through stops in t…
Producer and Dealer Prices (November 12, 2001)
Antimony: Mid-mkt US$1,260/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.80/lb.Copper: Comex Dec. US$0.616/lb.
US data drag prices lower
Despite fresh production cuts in zinc and copper (in byproduct form), base metals prices continued to trend lower during the report period Oct. 29-Nov. 2, dominated by poor economic data out of the U….
Copper bottoms as nickel plummets
The metals market got what it wanted during London Metals Exchange Week (Oct. 22-26), with Phelps Dodge announcing substantial cuts to its high-cost copper operations in the southwestern U.S. In spite…
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …