Metals Market Digest — 7 August 2026

🧱 LME Base Metals

• LME base metals up as US-Iran peace talks resume - Fastmarkets
• Metals mostly rose, polysilicon surged over 5%, and LME nickel, SHFE zinc, lithium carbonate, NY silver, etc., rose more than 1% [SMM Midday Comment] - Shanghai Metals Market
• Crude oil rises, metals: domestic market outperforms overseas market, LME copper retreats after rapid rise, LME nickel and tin lead the losses, coke gains over 2% [Overnight Market] - Shanghai Metals Market
• 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

🥇 Precious Metals

• Silver Price Canada Today | Live Silver Price in CAD - KITCO
• 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, Silver Price Forecast: Metals Test Bullish Breakouts on US-Iran Deal Optimism - FOREX.com
• Gold Price Canada Today | Live Gold Price in CAD - KITCO

📈 Metals Pricing & Other Markets

• [SMM Flash] Belgium-based materials technology and recycling company - Shanghai Metals Market
• 4 ways tariffs and geopolitics are impacting commodity markets - Waste Dive
• Wood Mac: Metals market absorbed Middle East shock - mining-journal.com
• Recent Engagement with the Chinese Precious Metals Market - LBMA
• The precious metals market has shown strong intraday performance, with spot gold’s gains expanding to 1%, currently quoted at $4,096.27 per ounce. As a traditional safe-haven asset, gold’s recent rally is often closely associated with increased market risk av - Bitget