Base metals lower on downbeat data from China

By Staff reporter / August 17, 2021 / www.mining-journal.com / Article Link

"The market seeing particular importance for this set given it is the first release since the Delta COVID resurgence began to take hold," Marex's Alastair Munro said from the LME desk.

Copper was down more than 1%, despite ongoing strike action at key mines in Chile and a suspension at Teck Resources' Highland Valley Copper operations in British Columbia due to wildfire activity.

Teck shares (TSX: TECK.B) were down 2%.

Gold is up around US$1,876 an ounce on the spot market.

Meanwhile, the strong earnings season has buoyed the S&P 500, with the index closing at yet another record high yesterday of 4,479.71.

London's FTSE 100 lost 0.9% while in Toronto, the S&P/TSX Composite Index eased 0.17%.

Still in Toronto, fledgling producer Nevada Copper (TSX: NCU) plunged more than 30% after an update late on Friday outlined slow progress at Pumpkin Hollow and another management change.

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok