Core Viewpoint - The prices of base metals on the London Metal Exchange rose across the board on August 22, driven by expectations of monetary easing, stimulus measures in China for metal-intensive industries, improved U.S. manufacturing data, and tightening aluminum inventories [1]. Price Summary - Three-month copper closed at $9,810.50 per ton, up $76.00 from the previous trading day, a rise of 0.78% [1]. - Three-month aluminum closed at $2,621.50 per ton, up $28.50 from the previous trading day, a rise of 1.10% [1]. - Three-month nickel closed at $14,965.00 per ton, up $25.00 from the previous trading day, a rise of 0.17% [1]. - Three-month lead closed at $1,990.00 per ton, up $20.00 from the previous trading day, a rise of 1.02% [1]. - Three-month tin closed at $33,835.00 per ton, up $360.00 from the previous trading day, a rise of 1.08% [1]. - Three-month zinc closed at $2,808.00 per ton, up $41.00 from the previous trading day, a rise of 1.48% [1]. Influencing Factors - The rise in metal prices is attributed to a combination of factors including expectations of monetary easing, stimulus measures in China targeting metal-intensive industries, improvements in U.S. manufacturing data, and tightening aluminum inventories [1]. - The overall weakness of the U.S. dollar and speculative momentum ahead of key policy signals from Jackson Hole further supported metal prices [1].

Price Performance - London Gold's latest price is 3383.75 with a change of 11.75 [1] - London Silver's latest price is 38.38 with a change of 0.60 [1] - London Platinum's latest price is 1322.00 with a change of 9.00 [1] - London Palladium's latest price is 1153.00 with a change of -28.00 [1] - WTI Crude's latest price is 63.88 with a change of -0.47 [1] - LME Copper's latest price is 9700.50 with a change of 35.50 [1] - The latest Dollar Index is 98.09 with a change of -0.14 [1] - The latest EUR/USD is 1.17 with a change of 0.00 [1] - The latest GBP/USD is 1.34 with a change of 0.01 [1] - The latest USD/JPY is 147.15 with a change of -0.21 [1] Trading Data - COMEX silver inventory's latest value is 15742.15 with a change of 4.28 [1] - SHFE silver inventory's latest value is 1150.34 with a change of -11.50 [1] - Gold ETF holdings' latest value is 959.09 with a change of 6.30 [1] - Silver ETF holdings' latest value is 15112.28 with no change [1] - The latest SGE gold deferred fee payment direction is 1 with a change of -1.00 [1] - The latest SGE silver deferred fee payment direction is 0.00 with no change [1]

Group 1 - The London Metal Exchange (LME) reported an increase in copper inventory by 225 tons [1] - Aluminum inventory rose by 1,825 tons [1] - Zinc inventory decreased by 3,350 tons [1] - Tin inventory increased by 35 tons [1] - Lead inventory saw an increase of 6,700 tons [1] - Nickel inventory rose by 876 tons [1]

Group 1 - The London Metal Exchange (LME) reported various changes in registered and canceled warehouse receipts for different metals [1] - Copper registered receipts totaled 109,625 tons with 18,850 tons canceled, a decrease of 1,000 tons [1] - Aluminum registered receipts were at 435,800 tons with 15,025 tons canceled, a decrease of 125 tons [1] - Nickel registered receipts amounted to 193,710 tons with 10,212 tons canceled, a decrease of 534 tons [1] - Zinc registered receipts were 60,975 tons with 54,800 tons canceled, a decrease of 1,125 tons [1] - Lead registered receipts reached 194,850 tons with 71,425 tons canceled, an increase of 600 tons [1] - Tin registered receipts stood at 1,415 tons with 325 tons canceled, an increase of 30 tons [1]

Group 1 - LME copper prices fell on July 24, following a decline in US copper futures, amid increasing uncertainty as the deadline for US tariffs on copper imports approaches [1] - The three-month LME copper closed at $9,877.00 per ton, down $53.50 or 0.54% [2] - COMEX copper also decreased by 0.5% to $5.7925 per pound, after reaching a high of $5.9585 [3] Group 2 - The premium of COMEX copper over LME copper remains stable at 29%, still below the proposed 50% import tariff by President Trump [3] - Analysts suggest that any changes to Trump's tariff policy could lead to a decrease in the COMEX copper premium [3] - Over the past four months, copper inflows into COMEX warehouses increased by 163%, but the inflow has recently slowed down [4] Group 3 - The focus of the metal market is not only on the upcoming US copper tariff deadline but also on the upcoming US-China trade talks and investigations into key mineral imports [4] - Other base metals also experienced declines, with LME three-month aluminum down $4.00 (0.15%) and three-month zinc down $18.50 (0.65%) [4] - LME three-month tin fell by $227.00 (0.65%), closing at $34,626.00 per ton, after reaching a four-month high of $35,100.00 [4]

Group 1 - The London Metal Exchange (LME) reported a decrease in copper inventory by 50 tons [1] - Nickel inventory decreased by 1,416 tons [1] - Aluminum inventory increased by 3,300 tons [1] - Tin inventory remained unchanged [1] - Zinc inventory increased by 1,575 tons [1] - Lead inventory increased by 6,175 tons [1]

Group 1 - The London Metal Exchange (LME) reported changes in registered and canceled warehouse receipts for various metals [1] - Copper registered receipts increased by 5,275 tons, totaling 107,300 tons, while canceled receipts amounted to 17,525 tons [1] - Aluminum registered receipts decreased by 100 tons, totaling 434,925 tons, with canceled receipts at 9,875 tons [1] - Nickel registered receipts decreased by 630 tons, totaling 193,710 tons, while canceled receipts were 12,162 tons [1] - Zinc registered receipts decreased by 1,275 tons, totaling 58,375 tons, with canceled receipts at 56,950 tons [1] - Lead registered receipts decreased by 3,000 tons, totaling 190,175 tons, while canceled receipts were 72,975 tons [1] - Tin registered receipts increased by 200 tons, totaling 1,415 tons, with canceled receipts at 275 tons [1]

Group 1 - The London Metal Exchange (LME) reported an increase in copper inventory to 122,175 tons, up by 25 tons [1] - Aluminum inventory rose to 430,700 tons, increasing by 3,500 tons [1] - Nickel inventory increased to 207,576 tons, with a rise of 294 tons [1] Group 2 - Zinc inventory decreased to 119,100 tons, down by 2,375 tons [1] - Lead inventory fell to 268,400 tons, decreasing by 2,550 tons [1] - Tin inventory dropped to 1,935 tons, down by 100 tons [1]

Group 1 - The London Metal Exchange (LME) reported an increase in copper inventory by 25 tons [1] - Zinc inventory decreased by 2,375 tons [1] - Nickel inventory increased by 294 tons [1] - Tin inventory decreased by 100 tons [1] - Lead inventory decreased by 2,550 tons [1] - Aluminum inventory increased by 3,500 tons [1]

Group 1 - The London Metal Exchange (LME) reported the following registered and canceled warehouse receipts for various metals [1] - Copper registered warehouse receipts totaled 108,100 tons, with canceled receipts increasing by 2,875 tons to 14,075 tons [1] - Aluminum registered warehouse receipts stood at 423,000 tons, with canceled receipts decreasing by 100 tons to 7,700 tons [1] - Nickel registered warehouse receipts were at 195,126 tons, with canceled receipts remaining unchanged at 12,450 tons [1] - Zinc registered warehouse receipts amounted to 97,625 tons, with canceled receipts decreasing by 2,125 tons to 21,475 tons [1] - Lead registered warehouse receipts reached 193,425 tons, with canceled receipts increasing by 35,225 tons to 74,975 tons [1] - Tin registered warehouse receipts were at 1,640 tons, with canceled receipts decreasing by 150 tons to 295 tons [1]