LIVE FUTURES REPORT 13/06: LME base metals sink bar lead

Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday June 13, with aluminium and tin dropping over 1% and copper, zinc and nickel edging lower, while lead made slight gains.

Copper’s three-month contract price dropped 0.38% to $7,194.50 per tonne this morning. As concerns over supply disruption ease, the red metal prices have been subdued since the start of the week. “Copper prices fell as concerns eased over disruption risks at BHP’s Escondida copper mine in Chile. The hope for a resolution at Escondida comes after workers at BHP’s Spence copper mine in Chile accepted the company’s wage offer,” CBA Commodities noted. Meanwhile, Glencore-owned copper producer Katanga Mining has settled its legal dispute in the Democratic Republic of Congo (DRC) with state-run miner Gécamines...

Published

Susan Zou

Karen Ng

June 13, 2018

12:10 GMT

Shanghai, Singapore