Base metals withstand US corporate scandal
Don’t panic.On the morning of Wednesday, June 26, in the wake of the latest example of gross U.S. corporate misgovernance, it would have taken a brave person to bet on base metals markets ending the w…
Copperquest Inc
Demand outlook positive for metals markets
Although prices managed to recover by Friday, June 21, the overall performance, especially by base metals, was poor during the week under review.The precious metals complex continued to fare slightly …
Copper, aluminum lead base metals
A late rally on Friday, June 14, prevented copper and aluminum from giving up all of the gains made over the previous two weeks, but they still look set to lead the base metals complex lower over the …
Better fundamentals prop up base metals prices
So far in the second quarter, base metals have turned in a disappointing performance. But although the prospects for a concerted recovery in prices over the second half of the year are tentative at be…
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…
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…