LIVE FUTURES REPORT 06/11: LME prices fall on US election uncertainty

Base metals futures prices on the London Metal Exchange fell sightly on Tuesday November 6 while uncertainty continued about the outcome of the mid-term elections in the United States and that country’s trade relations with China.

On Tuesday, three-month nickel was the only price to trade in positive territory, at $11,775 per tonne, up by $25 per tonne from Monday’s closing price of $11,750 per tonne. Aluminium and zinc followed the general downward market trend, however. Three-month aluminium futures were trading at $1,950.50 per tonne, down by almost $25 per tonne from $1,975 per tonne the day before. Three-month zinc futures closed at $2,501 per tonne, down by $19 per tonne from Monday’s close at $2,520 per tonne. “The general outlook is not that great [for base metals],”...


Sofia Okun

November 06, 2018

18:35 GMT