LME OFFICIALS: Base metals prices slide in thin trading

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...


Janie Davies

January 15, 2014

14:48 GMT