November 26, 2021

Base metals prices press lower on COVID concerns. No AEGIS Weekly Dashboard this week.

Many European countries are implementing new travel bans and other restrictions due to the rising number of COVID cases. Metals demand may suffer if travel bans and other restrictions persist. 

Also, many European countries have banned travel to South Africa after a new COVID variant was found there.  It is currently unclear how South African mining will be affected. This includes gold, copper, and iron ore, among others. 

AEGIS will not publish a Weekly Dashboard this week.  However, our trading desk is open.  Please contact them at metals@aegis-hedging.com for price indications. (11/26/2021)

Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. 

Price Indications

Today's Charts

AEGIS Insights

11/15/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference)

11/12/2021: AEGIS Factor Matrices: Most important variables affecting metals prices

10/14/2021: Is It Wise to Hedge HRC Steel with Crude Oil?

Important Headlines & Economic Data

AISI Steel Capability Utilization Rate

Investing.com Economic Calendar 

11/26/2021: COVID in Europe: Czechs declare state of emergency as Portugal reinstates restrictions 

11/22/2021: China iron ore futures hit upper limit on hopes of resuming steel production

11/22/2021: Zinc price jumps as Glencore cuts production in Italy

11/22/2021: The $5 billion hoard of aluminium the world wants but can't have

11/21/2021: Steel prices could trend ‘much higher’ compared to the last 10 years, major Indian steelmaker says

11/19/2021: Aluminium jumps on supply worries after report of China smelter blast