However, some industry analysts were not optimistic that the recent rally across London Metal Exchange base metals prices was sustainable, and suggested that prices have been running far too high, far too quickly.
“The Pfizer-vaccine-inspired rally in metals is likely to be short-lived,” Fastmarkets research analyst Andy Farida said.
“People are buying into hope for the time being, but I am bullish on the LME base metals complex and dips should be bought,” he added.
A weaker US dollar index - trading flat...
