December 3, 2021

Base metal prices are steady as the market weighs impact of Omicron COVID variant.

LME Copper 3M, Aluminum 3M and Zinc 3M contracts are set to finish the week nearly unchanged.  Little is known about this new COVID variant, but governments throughout the world are implementing policies to stop its spread. It will take time to access effectiveness of these policies and their potential impact on the supply-demand picture for all commodities. (12/3/2021)

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Price Indications

Today's Charts

AEGIS Insights

11/30/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference)

11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports?

11/24/2021: AEGIS Factor Matrices: Most important variables affecting metals prices

Important Headlines & Economic Data

AISI Steel Capability Utilization Rate

Investing.com Economic Calendar 

12/1/2021: Codelco, world's largest copper producer, expects prices to fall in 2022

11/30/2021: Tin prices gain momentum as Indonesia mulls tin, copper export bans

11/30/2021: Minerals Council South Africa applauds mining industry’s vaccination milestone

11/29/2021: Gold SWOT: Platinum demand from auto sector expected to rise next year

11/29/2021: Iron ore price back above $100 despite Omicron variant fears

11/29/2021: Copper price rises as markets assess Omicron variant impact

11/29/2021: Dow futures rebound by 200 points after Friday’s big sell-off as investors reassess omicron risk

11/26/2021: Copper price sinks as new covid variant spooks markets