JPM Mining Daily: Iron Ore -0.5%, Gold +0.9%, Spot Scenarios, LYC/CMM Previews, China Steel Channel Checker & More

Research evidence excerpt

J P M O R G A N

Asia Pacific Equity Research

18 August 2026

JPM Mining Daily

Iron Ore -0.5%, Gold +0.9%, Spot Scenarios, LYC/CMM

Previews, China Steel Channel Checker & More

Head of Australia Metals & Mining

Price Snapshot

Lyndon Fagan AC

Table 1: Overnight commodity moves

Price

Move

chg.

Iron ore ($/t)

95

-0.5

-0.5%

HRC - China ($/t)

475

0.0

0.0%

HRC - US ($/st)

1,196

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)

4,416

39.6

0.9%

Silver ($/oz)

65.79

1.10

1.7%

(61-3) 9633-4069

J.P. Morgan Securities Australia Limited

Copper ($/lb)

6.62

0.01

0.1%

Nickel ($/lb)

7.54

0.01

0.1%

Devwrat Vegad

Zinc ($/lb)

1.75

0.00

-0.3%

Aluminium ($/lb)

1.48

0.0

0.4%

Alumina ($/t)

363.00

0.00

0.0%

Spodumene, Platts ($/t)

2,200

0

0.0%

Spodumene, A.M. ($/t)

2,185

0

0.0%

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

19,953

297

1.5%

Li Hydroxide, BMI ($/t)

19,450

0

0.0%

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

21,437

297

1.4%

Li Carbonate, BMI ($/t)

19,740

0

0.0%

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

95

0.0

0.0%

Thermal coal ($/t)

139

-0.20

-0.1%

Met coal ($/t)

226

0.0

0.0%

Uranium ($/lb)

87

0.00

0.0%

Oil - Brent ($/bbl)

91

2.5

2.8%

Natural gas ($/mcf)

2.69

-0.04

-1.6%

JKM LNG ($/MMBtu)

21.6

0

1.9%

AUD/USD

71

0.2

0.3%

(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.