Metals Market Digest — 3 August 2026

🧱 LME Base Metals

• Crude Oil Plunges, Metals Broadly Decline; Iron Ore, LME and SHFE Nickel, and SHFE Lead Lead Losses; Polysilicon Surges Over 7% [SMM Midday Review] - Shanghai Metals Market
• Daily round-up: LME base metals trade mixed; Indonesia reviews alumina and nickel export hurdles - BigMint
• LME base metals tumble on renewed Iran tensions, U.S. rate hike expectations (AA:NYSE) - Seeking Alpha
• LME traders were pricing the wrong metal supply crisis - Reuters
• CHART: Copper price, aluminum ‘black hole’ fears lift LME base metals index to record high - Mining.com

🥇 Precious Metals

• Silver Price Today | Silver Spot Price Charts - SD Bullion
• Silver and gold prices stage a cautious rebound — but analysts see slim hopes for a sustained rally - CNBC
• Gold and Silver Price Forecast: Strong Dollar Keeps Precious Metals Under Pressure - FXEmpire
• Gold and Silver Price Swings Favor Precious Metals Long Term - U.S. Gold Bureau
• Local coin shops ride out wild swings in gold and silver prices - Milwaukee Journal Sentinel

📈 Metals Pricing & Other Markets

• 4 ways tariffs and geopolitics are impacting commodity markets - Waste Dive
• Recent Engagement with the Chinese Precious Metals Market - LBMA
• Chinese firms look to strike gold in a volatile global metals market - South China Morning Post
• NEXT WEEEK: 2026 Platinum Group Metals Market Outlook - Register Now - KITCO
• The precious metals market saw an intraday increase, with spot gold rising by 2% and currently quoted at $4,109.19 per ounce. As a popular safe-haven asset, gold’s recent price fluctuations have been influenced by multiple factors, including the global macro - Bitget