LIVE FUTURES REPORT 10/05: LME nickel down 2%; aluminium, copper fall off recent highs

Nickel’s price on the London Metal Exchange was down by 2% on Monday May 10 and back to levels seen one week earlier, with base-metals prices across the board lower following an extended bullish period during which copper, aluminium and zinc reached new highs.

The three-month nickel price was the most strongly affected by profit-taking on Monday, and was last seen at $17,705 per tonne, down from Friday’s closing price of $18,082 per tonne. This was after having reached an intraday high of $18,265 per tonne during trading, the highest since March 3.

Other metals which had been boosted to new highs in recent trading days, such as copper, aluminium and zinc, were...

Published

Ana de Liz

May 10, 2021

17:10 GMT

London