Asian-Pacific equity indices mainly weaker this morning while broader markets focus on Friday’s United States Federal Reserve Jackson Hole symposium
More companies report that supply shortages are affecting their ability to produce - what will this lead to?
LME three-month base metal prices were down across the board by an average of 0.6% this morning, led by 1% declines in both lead ($2,288 per tonne) and tin ($32,675 per tonne), while copper was off by 0.5% at $9,302.50 per tonne. The pullbacks look like consolidation after the recent volatility while the market braces for what US Federal Reserve chairman Jerome Powell might say about the timing of tapering on Friday.
The most-active base metals contracts on the Shanghai Futures...