LIVE FUTURES REPORT 20/10: LME nickel price breaches $16,000/t; copper hits fresh high

London Metal Exchange three-month base metals prices except aluminium were trading up at the close on Tuesday October 20, buoyed by an upswing in United States equities markets.

US stock markets opened higher today, bolstered by the looming deadline for a regional stimulus package to fight the fallout of Covid-19. So while talks in the US senate went down to the wire, LME buyers and sellers had their hands forced, and prices surprisingly came out on top. The US dollar index, trading down 0.36% around 93.07 during the afternoon session, added further price support at the same time. “The London Metal Exchange base metals complex traded higher today after US stimulus talks came back...


Amy Hinton

October 20, 2020

16:56 GMT