LIVE FUTURES 12/08: Zinc falls 1.7%, lead spreads remain backwardated

August 13, 2021 / www.metalbulletin.com / Article Link

Most prices were down on the afternoon of Thursday August 12 on the London Metal Exchange, with zinc reporting the largest fall, while nickel's three-month price was the only metal to register a gain, of 1.6%.

The three-month price of zinc fell to $2,992.50 per tonne on Thursday after reaching $3,043.50 per tonne on Wednesday. 
Its cash-to-three month spread was last at a $8.25 per tonne contango, but forward spreads remain in a constant state of backwardation, with the three-month-to-five-year forward spread at a $156 per tonne backwardation.

"We have repeatedly highlighted the persistent...

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok