LIVE FUTURES REPORT 12/05: Aluminium, lead down 1.6% after US CPI readings

Futures prices on the London Metal Exchange were down across the board at the close of trading on Wednesday May 12, after higher-than-expected inflation indicators in the United States pushed the dollar up to its highest figure this week.

Lead was the metal most badly affected by the inflation numbers released earlier on Wednesday, with its price down by 1.6% to $2,187 per tonne, from $2,222 per tonne on Tuesday. The metal’s futures contract had been trading at its highest level for a year-and-a-half, having reached $2,258.50 per tonne on Monday, the most since October 29, 2019. The three-month LME price for aluminium was also down by 1.6% to $2,480 per tonne from Tuesday’s closing price, having also come to a year-to-date peak on Monday of...

Published

Ana de Liz

May 12, 2021

17:07 GMT

London