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LME ASIAN WRAP: Mixed trading on profit-taking

March 18, 2010 - 03:40 GMT Location: Shanghai

KEYWORDS: LME , copper , aluminium , lead , zinc , nickel , tin

LME base metals saw mixed trading in the early Asian day as profit-taking crept in after Wednesday's rally.

Three-month copper struggled to stay above last night's settlement of $7,517 per tonne after GMT 0300, although dollar weakness and decreased inventory pushed it to trade as high as $7,545 per tonne at GMT 0201. The Chinese market remained optimistic about copper's prospects. "I think copper will climb to...

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Comment & analysis

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