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Base metals remain volatile in LME pre-market

May 07, 2010 - 09:48 GMT Location: London

KEYWORDS: lme , pre-market , copper , aluminium , nickel , jethro wookey

Base metals remained volatile in early trading on the London Metal Exchange on Friday as the markets remain gripped by uncertainty stemming from the economic troubles in Greece

All but nickel opened below their last official prices as the markets continued to slip late on Thursday. “In the US, it was another day of sell-offs,” an analyst said in a note. But prices were experiencing a small recovery by 09:20 BST, with all contracts trading above their opening prices. “It’s tech-driven – it will all be on the dollar,” a category I trader said. “The dollar was at 1.26 when I got in this morning and it’s at 1.27 now.” With the European economic predicament, many investment funds are staying away from the market, leaving the dollar...

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