Base metals prices mixed; outlook muddied by Covid-19 lockdowns, further talk on tapering

Base metals prices on the London Metal Exchange were mixed this morning, Monday November 22, while those on the Shanghai Futures Exchange were up across the board, following on from Friday’s rebounds on the LME.

Parts of Europe have introduced more lockdown measures Geopolitical tensions globally and more hawkish talk in the United States on tapering are causes for concern Base metals Three-month base metals prices on the LME were mixed this morning, with copper, aluminium and zinc lower by an average of 0.5%, while the rest were up by an average of 0.4%. Copper was down by 0.7% at $9,581.50 per oz. The recent range on copper has been between $9,315 per tonne and $9, 773 per tonne. The...


William Adams

November 22, 2021

09:40 GMT