MORNING VIEW: Base metals tread water ahead of Fed chair Powell's speech

August 28, 2021 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday August 27 while market participants wait to hear what United States Federal Reserve chair Jerome Powell has to say about the US monetary policy timeline when he speaks later today.

Asian-Pacific equity indices were mixed this morningBase metalsLME three-month zinc ($2,981 per tonne) and lead ($2,286 per tonne) prices were down by 0.6% and 0.2% respectively and tin ($33,340 per tonne) was untraded, while the rest were up by an average of 0.4%, with aluminium up by 0.7% at $2,639.50 per tonne, which was a fresh multi-year high. Generally, the metals look to be doing a mixture of consolidating after recent volatility and treading water ahead of Powell's speech. The most-active base metals contracts on the SHFE were mixed, with the October aluminium up by...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok