Lead prices at fresh highs as German lead producer Berzelius declared force majeure on supply after severe flooding forced it to suspend operations at its Stolberg smelter.
United States 10-year treasury yields have rebounded, while gold and the yen are weaker, suggesting less haven demand and a more risk-on outlook.
London Metal Exchange three-month base metals prices were mixed and mainly little changed on Thursday morning - the exceptions being copper (which was up by 0.3% at $9,386 per tonne) and tin (down by 0.6% at $33,350 per tonne). The other base metals were ranged between -0.1% and +0.1%.
Monday’s weakness was thought to be prompted by...