LIVE FUTURES 19/05: All LME base metals finish stronger after volatile week

Base metals prices on the London Metal Exchange were higher this afternoon, Friday May 19, shrugging off yesterday’s weakness.

Copper rose by more than $100 per tonne, while nickel rose by $185 at the close – it has been supported this week by news that Vale Canada will suspend operations at its Birchtree nickel mine on October 1. All other base metals also increased, with tin hitting $20,400 per tonne for the first time since March 2016. This follows a weak day for base metals prices yesterday: at the day’s lows, lead and nickel were down 4.1% and 3.3%. Despite the end-of-week increases, there is still an air of caution in the market surrounding President Donald Trump, leading to pessimism over tax or infrastructure overhauls. “After a volatile week, markets recovered...

Published

Alice Mason

May 19, 2017

17:50 GMT

London