JPM Mining Daily Iron Ore +0.6%, Gold +4.1%, RMS/EVN Site Visit Takeaways, Hindalco & More

Research evidence excerpt

J P M O R G A N

Asia Pacific Equity Research

06 August 2026

JPM Mining Daily

Iron Ore +0.6%, Gold +4.1%, RMS/EVN Site Visit

Takeaways, Hindalco & More

Head of Australia Metals & Mining

Price Snapshot

Lyndon Fagan AC

Table 1: Overnight commodity moves

Price

Move

chg.

Iron ore ($/t)

94

0.5

0.6%

HRC - China ($/t)

469

0.0

0.0%

HRC - US ($/st)

1,193

0.0

0.0%

(61-2) 9003-8648

J.P. Morgan Securities Australia Limited

Jonathon Sharp

(61 2) 9003-8312

J.P. Morgan Securities Australia Limited

Branko Skocic

Gold ($/oz)

4,247

168.8

4.1%

Silver ($/oz)

62.05

2.49

4.2%

(61-3) 9633-4069

J.P. Morgan Securities Australia Limited

Copper ($/lb)

6.45

0.02

0.4%

Nickel ($/lb)

7.67

-0.04

-0.5%

Devwrat Vegad

Zinc ($/lb)

1.72

0.03

1.5%

Aluminium ($/lb)

1.47

0.0

0.2%

Alumina ($/t)

343.00

0.00

0.0%

Spodumene, Platts ($/t)

1,985

20

1.0%

Spodumene, A.M. ($/t)

2,185

0

0.0%

Li Hydroxide, A.M. ($/t)

19,188

0

0.0%

Li Hydroxide, BMI ($/t)

19,450

-100

-0.5%

Li Carbonate, A.M. ($/t)

20,669

0

0.0%

Li Carbonate, BMI ($/t)

19,740

-710

-3.5%

NdPr Oxide ($/kg) - ex 13% VAT

97

-0.9

-0.9%

Thermal coal ($/t)

134

-3.05

-2.2%

Met coal ($/t)

214

1.3

0.6%

Uranium ($/lb)

86

0.00

0.0%

Oil - Brent ($/bbl)

79

0.1

0.1%

Natural gas ($/mcf)

2.69

0.01

0.2%

JKM LNG ($/MMBtu)

20.9

0

-1.0%

AUD/USD

71

0.1

0.2%

(91-22) 6157-3608

J.P. Morgan Securities Australia Limited/ J.P.

Morgan India Private Limited

Zane Guo

(61-3) 9633-4020

J.P. Morgan Securities Australia Limited

Source: Bloomberg Finance L.P.