LIVE FUTURES REPORT 16/06: LME base metals prices finish week on higher note

Base metals prices on the London Metal Exchange ended broadly higher on Friday June 16, led by a 1% rise in three-month nickel.

Zinc and lead recorded gains while consolidating within recent ranges and tin continued to recover after hitting lows last week, closing at $19,650 per tonne. "Prices [were] contained in narrow ranges. Zinc and nickel benefitted early on from a tick up in Far East steel futures," Sucden Financial said in a note. In supply-side news, Peru's National Federation of Mining, Metallurgy and Steel Workers (FNTMMS) has called a general strike from July 19 to protest against laws it considers to be detrimental to workers, which could...

Published

Alice Mason

June 16, 2017

18:09 GMT

London