2018 REVIEW: Sanction, tariff volatility stifle fickle base metals complex; zinc down 26%; tin’s fourth-quarter freeze

While base metals prices began the first quarter of 2018 following the uptrend from the previous year, the advent of sanctions, global trade tensions and tariffs – notably Section 232 – swiftly became a focal point in what became a year of volatile price action.

In addition, a broad trend of depleting LME stocks further exacerbated choppy price action, while strength in the US dollar index above the psychological level of 97 proved detrimental to...

Published

Hassan Butt

December 31, 2018

19:00 GMT

London