MORNING VIEW: LME base metals prices mixed following disappointing US jobs data

Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.

But base metals prices on the Shanghai Futures Exchange were generally stronger this morning while they tracked the gains seen on the LME on Friday, which came despite the disappointing data from the United States. The US added 235,000 jobs in August, well below the 1.05 million jobs created in the prior month The US Dollar Index continues to trend lower Military coup attempt in Guinea provides a further boost to aluminium prices Base metals Three-month base metals prices on the LME were mixed this morning, but the complex was on average down by 0.5%. Aluminium ($2,754.50 per tonne) and zinc ($3,006.50 per tonne) were up by 0.8% and 0.3% respectively,...


William Adams

September 06, 2021

07:03 GMT