LIVE FUTURES REPORT 03/06: LME zinc price slides 2.2% amid US tariff row; nickel below $12,000/t

The London Metal Exchange three-month zinc price fell by more than 2% during morning trading on Monday June 3, with fresh United States tariffs against neighboring Mexico prompting broadly risk-averse commodity investment.

US President Donald Trump announced on Thursday May 30 that he would impose 5% tariffs on all goods from Mexico with effect from June 10. The tax will “gradually increase” until Mexico stops the flow of undocumented migrants into the US, Trump tweeted. Investors have turned risk averse in response to the sudden announcement. A senior delegation of Mexican government officials is said to be visiting Washington on Monday to begin high-level talks on the matter. Zinc has been the...


Hassan Butt

June 03, 2019

10:35 GMT