Zinc and lead miners have had their silver lining taken out.

The three-month nickel price on the London Metal Exchange was higher during morning trading on Monday July 27, with price action continuing to trend higher amid steady buying momentum, while sizable inflows in both zinc and lead this morning failed to pressure the metals’ outright prices lower.

The London Metal Exchange three-month zinc price was the standout performer during morning trading on Monday October 19, with the price rallying by more than 2% on positive Chinese economic data and strong buying momentum, while queue and logistics concerns at Port Klang, Malaysia, resulted in some 38,000 tonnes of aluminium being placed back on-warrant in the region.

Copper prices on the London Metal Exchange started off 2022 trading in negative territory on Tuesday January 4, with most of the other base metals edging higher.

Three-month base metals prices on the London Metal Exchange were collectively lower during morning trading on Thursday September 17, with selling pressure emerging after the US Federal Reserve pledged to keep interest rates low on Wednesday, but offered little in the way of further fiscal stimulus.

The three-month zinc price on the London Metal Exchange was down during morning trading on Monday August 3, with price action slipping back below the newly-established $2,300-per-tonne support level, while narrower forward spreads helped tin futures retain recent momentum.

This year’s annual benchmark treatment charges (TCs) for zinc and lead concentrates are expected to rise due to high supply and the novel coronavirus (2019-nCoV) outbreak in China and beyond affecting the raw materials market.

Fastmarkets proposes to discontinue the pricing of zinc ingot premiums on a cif India basis.

The three-month nickel price on the London Metal Exchange was lower during morning trading on Tuesday July 28, with selling pressure emerging during Asian trading hours, while a continued influx of material caused the LME zinc price to drop by 1%.

After navigating the rough waters of 2021, lead smelters will likely have another tough year ahead