LIVE FUTURES REPORT 03/06: LME base metals prices consolidate after recent strength

Base metals price on the London Metal Exchange had moved sideways at the close of trading on Wednesday June 3, with most of the complex maintaining gains made earlier in the week against a steady improvement in risk-appetite.

Copper’s outright price on the LME closed at $5,524 per tonne on Wednesday afternoon, while turnover was moderate at just over 15,000 lots exchanged by the close. Similarly, LME tin’s three-month price closed at $16,001 per tonne in the afternoon, with 466 lots exchanged. Topping gains over the afternoon, a short-lived rally saw aluminium futures push to an intraday high of $1,570 per tonne, and closing just $1.50 per tonne shy of the mark – its highest closing level since March 20. Across the base metals complex, prices were again dragged higher by rallies in the global...


Hassan Butt

June 03, 2020

17:15 GMT