LIVE FUTURES REPORT 19/05: LME base metals prices consolidate; nickel holds gains

Three-month base metals prices on the London Metal Exchange were slightly lower during morning trading on Tuesday May 19, supported by continued market optimism over easing coronavirus restrictions, except nickel which climbed further over the morning.

“Yesterday exploded into life when the US drug company Moderna announced its vaccine research was showing ‘encouraging results,’ which sent the Dow Jones Industrial Average flying up over 800 points and global equity markets rallied by some 3%. This morning that rally has been echoed in the Asian markets, but not so aggressively with gains on average of 1.8%,” Kingdom Futures director and chief executive Malcolm Freeman said in a...

Published

Hassan Butt

May 19, 2020

10:40 GMT

London