Despite being the only base metal to see a price increase this morning, up $28.50 per tonne, copper prices declined at the LME kerb.
Nickel and tin fell by over $100 per tonne while zinc dropped back below the $2,600 per tonne barrier.
In exchange news, the LME announced Matthew Chamberlain as its new ceo in an announcement earlier today.
Steel prices could be in for a boost after positive macroeconomic news came from the USA.
“Yesterday President Trump ordered a trade probe against China and other exporters of cheap steel into the US. Trump also indicated plans to spend $200bn on...