LIVE FUTURES 28/10: Base metals rally on LME, aluminium up 2.3% on large volumes

Base metals prices on the London Metal Exchange were up across the board at the 5pm close of trading on Thursday October 28, continuing to rebound following a recent period of widespread selling.

“Given the [recent] price action, this Friday’s week- and month-end closes should be important to determine whether we see some longer-term length liquidate,” Alastair Munro, LME desk analyst at Marex, said on Thursday. “But while there remain valid global growth concerns, coupled with the uncertain power [supply] situation, we remain in physically settled markets with very low levels of official warehouse...

Published

Imogen Dudman

Callum Perry

October 28, 2021

16:55 GMT

London