LIVE FUTURES REPORT 29/09: LME base metals rangebound as US talks continue

London Metal Exchange three-month base metals prices made no significant gains at the close on Tuesday September 29, with a directionless base-metals complex awaiting further macroeconomic stimulus.

This was expected to come in the form of a United States fiscal stimulus package intended to fight the economic consequences of the Covid-19 pandemic. LME base metals futures prices stalled while talks continued between US Treasury Secretary Steven Mnuchin and the speaker of the country’s House of Representatives, Nancy Pelosi. The market watched with concern while discussions about the US’ $2.2 trillion relief bill, revised from the original $3.4 trillion proposal put forward by the Democrat faction in the...

Published

Amy Hinton

September 29, 2020

18:12 GMT

London