LIVE FUTURES 28/07: Base metals prices mixed approaching month-end, aluminium up 1.9%

Base metals prices remained mixed on the London Metal Exchange at the 5pm close of trading on Wednesday July 28, with the month-end approaching and the market still waiting for signals of fresh direction from the US Federal Reserve bank.

“While we are very positive on the fundamentals [for copper] in the long term, we remain cautious in the short term due to the presence of macro headwinds,” Fastmarkets analyst Andy Farida said on Wednesday.

The three-month copper contract fell by 0.7% to $9,686 per tonne on July 28, down from $9,758.50 per tonne at Tuesday’s 5pm close, with 13,817 lots traded during...

Published

Imogen Dudman

July 28, 2021

17:10 GMT

London