Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend.

Market fundamentals have reasserted their influence on copper pricing in the first quarter of 2021, but macro forces are expected to push and pull the red metal’s price in the near term, driving volatility.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed, albeit with a downside bias, during morning trading on Tuesday February 2, while silver was consolidating below highs but above its recent trading range.

Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam.

Fastmarkets proposes to discontinue pricing physical copper cathode premiums on a seaborne basis to South Korea.

Base metals prices on the London Metal Exchange were up across the board this morning, Monday February 1, this despite weaker-than-expected manufacturing purchasing managers’ index (PMI) data out of China over the weekend.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Thursday January 28, after market sentiment across the board has turned more cautious.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening.

First Quantum Minerals expects to achieve higher copper production in the next three years out to 2023, driven largely by its operations in Zambia and Panama.