LIVE FUTURES REPORT 03/04: LME aluminium at 7-mth low; copper price up

Base metals prices diverged on the London Metal Exchange at the close of trading on Tuesday April 3, with copper rising but aluminium dropping below $2,000 per tonne for the first time since August 2017.

The complex started the day on a firm note before paring gains and moving back into the red near the close. "The Chinese manufacturing numbers held up quite well, which was supportive, and the metals have done well considering the fall in US equities [Monday]", an LME broker said. "But they look like they're running out of steam and I feel we might get lower from here," he added. Marginal drops in the three-month prices of zinc and lead contributed to the complex’s mixed close. Copper and...


Hassan Butt

April 03, 2018

18:30 GMT