Base metals prices on the Shanghai Futures Exchange were mainly lower this morning, Wednesday December 23, while those on the London Metal Exchange were mixed.

The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals.

Steel processor Wuppermann has extended the hot-dipped galvanized coil capacity at its plant in Gyor-Gönyu, Hungary, by around 50%, the German company said this week.

More provincial governments in China are offering incentives to companies to purchase base metal products, in a highly unusual move to avoid inventory piling up at a time of demand uncertainty, Fastmarkets understands from official documents and industry sources.

ED&F Man’s Ed Meir clinched the top spot on the base metals predictions leaderboard for the second quarter of 2020 with 98.87% accuracy while ING’s Wenyu Yao took the top spot for precious metals predictions over the period with a 98.75% accuracy rating.

Three-month base metals prices on the London Metal Exchange were capped during the morning session on Wednesday April 1, with the previous day’s gains wiped out after a brief rally precipitated by positive data from China and month-end book squaring abruptly halted.

A round-up of the London Metal Exchange three-month base metals price movements following the outbreak and subsequent spread of the novel coronavirus (2019-nCoV).

Base metals prices on the Shanghai Futures Exchange were all up at the close of morning trading on Friday March 27, with the complex buoyed by positive performances in equity markets overnight and this morning.

United States-based electric vehicle maker Tesla’s failure to be listed as an S&P 500 company led to a 20% share price fall on Tuesday September 8, that in turn led to a 4% fall in the Nasdaq index – markets are wondering whether this will be a catalyst for a broader reality check? Or just provide another dip-buying opportunity?

Base metals prices were pausing and precious metals were mainly on a back footing this morning, Friday January 8, with sentiment generally bullish on the prospects for greater fiscal spending out of the United States when Joe Biden becomes the president in a few weeks’ time.