Base metals prices up in LME pre-market on euro strength

Base metals prices improved in pre-market trading on the London Metal Exchange on Wednesday February 29, as prices continued to follow the fortunes of the euro.

Poor economic data from the USA released on Tuesday damped down prices, but a stronger euro saw prices recover after the opening of London trading. The euro was trading at around $1.346 at the time of writing. “There is a general good feeling across the markets,” a broker said. “There is a solution for Greece and, though it may not be perfect, the more time drips away, the more tenor on the debt is extinguished and the better people feel.” Three-month...


Jethro Wookey

February 29, 2012

10:25 GMT