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LME OFFICIALS: Base metals prices slide in thin trading
January 15, 2014 - 14:48 GMT
Base metals prices edged lower in the official session of the London Metal Exchange on Wednesday January 15 on a lack of trading volumes.
Three-month zinc settled at an official price of $2,050/52
per tonne, compared with an opening price of $2,069.50. The
contract found its high at $2,070.75 per tonne and traded to an
intraday low of $2,046. Zinc supply has tightened in the past
year leading to a drawdown in LME stocks, which had reached
over 1.2 million tonnes by late 2013. "A shift of inventory
from LME warehouses to off-warrant...
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Euromoney Institutional Investor PLC.
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