MORNING VIEW: Base metals start week mainly on a back foot

Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed.

Spread of Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa causing concern about a 4th wave Base metals LME three-month base metals prices, with the exception of tin that was untraded, were down across the board on Monday by an average of 0.8%. These were led by a 1.6% fall in lead ($2,196 per tonne), while copper prices dipped by 0.6% to $9,377.50 per tonne. The most-active Shanghai Futures Exchange base metals contracts were - for the most part - weaker, with August nickel the only contract registering...


William Adams

June 28, 2021

08:39 GMT