LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.

Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried that they were running ahead of their fundamental data.
Copper’s three-month price showed a decrease of 1.4% at Monday’s 5pm close to $7,177.50 per tonne, compared with its Friday closing price.

Similarly, aluminium’s three-month price had a dip of just about 1% to $1,973.50 per tonne, but remained above $1,970 per tonne, a price which had...

Published

Ana de Liz

November 23, 2020

18:25 GMT

London