Base metals prices on the London Metal Exchange were broadly higher at the close of trading on Tuesday August 28, lifted by continued stock drawdowns and increased trade optimism over renewed terms in the North American Free Trade Area agreement. Read more here in our live futures report
Here is how prices looked at the close of trading:
Chinese domestic ferro-silicon prices have edged up
due to increased buying interest, but the European and US markets were stagnant.
Semi-carbonate manganese price have risen
due to the softer yuan, amid an improved sentiment and expectations of stronger demand in China.
The cash/three-month swing of swing of tin prices on the LME into contango
has left the physical market in a comfortable place, counter to the generally volatile month for base metals.
Tungsten prices have slid
due to lackluster demand amid readily available supply.
Vanadium prices have narrowed
in the European Union and United States, while Chinese vanadium export prices have remained stable.
And spot cobalt prices have fallen
despite signs that material is not as readily available for purchase as it had been.