MORNING VIEW: Base metals mixed, broader market focused on FOMC announcements

Base metals prices on the London Metal Exchange were mainly firmer on Wednesday March 17, while on the Shanghai Futures Exchange they were weaker across the board.

Broader markets were treading water ahead of this evening’s US Federal Open Market Committee (FOMC) announcements and press conference. United States 10-year treasuries yields have firmed again to 1.63% EU passenger car registrations are down by 19.3% in February and declined by 21.7% over January and February Base metals LME three-month copper prices were upbeat, with prices up by 1.4% at $9,042.50 per tonne. LME nickel (at $16,075 per tonne) was the only metal in negative territory, down by 0.3%. LME tin (at $25,250 per tonne) was not traded, with zinc (at $2,828 per tonne) up...


William Adams

March 17, 2021

08:55 GMT