LIVE FUTURES REPORT 21/05: LME base metals mostly buoyed by Dow Jones upsurge; Cu hits fresh low

The majority of London Metal Exchange base metals prices continued to trade up during the afternoon session on Tuesday May 21, with the complex largely following the equities markets on their upward trajectory.

LME base metals prices largely ignored relatively thin trading volumes, shrugging off the potential suppressing influence of a strengthening US dollar, with the Dow Jones index climbed to an approximate 0.5%. “The base metals seem to be showing some fundamental resilience despite having taken a bit more of a pounding recently, but that’s all short term, we’ve got to look long term,” one Europe-based trader told Fastmarkets. The red metal hit a fresh $5,989-per-tonne intraday low on May 21 with a kerb close of $5,996 per...


Amy Hinton

May 21, 2019

17:53 GMT