Base metals on the London Metal Exchange were mostly higher at the close of trading on Wednesday August 22, with zinc and tin posting sizable gains while the complex benefited from positive market sentiment on US-Sino trade talks. Read more in our live futures report
Here are how prices looked at the close of trading:
The Aluminum Association wants US and Chinese officials to address the issue
of Beijing's aluminium overcapacity at meetings on August 22-23 with an eye toward reaching a long-term solution.
A safeguard investigation
by the Eurasian Economic Commission was started primarily to protect the Russian market from imports originating from Ukraine, market sources told Metal Bulletin.
In the battle between macro and fundamental copper price drivers, copper bears
hold the strongest of all trump cards – trade war.
Domestic cold-rolled coil prices in the European Union
will remain stable until late August to the beginning of September, when the market will start to recover from a seasonal market slowdown.
International metals group Liberty House is “among the front runners”
to buy ArcelorMittal’s Galati plant in Romania and its Ostrava site in the Czech Republic, market sources told Metal Bulletin on Wednesday August 22.