Base metals prices mainly down with markets nervous about new Covid-19 variant

Most base metals prices on the London Metal Exchange and Shanghai Futures Exchange were down during morning trading on Friday November 26 following the emergence of a new Covid-19 variant, which health officials fear vaccines may not be effective against.

Asia-Pacific equities turned lower this morning… …havens were stronger with gold and the yen higher, and US treasury yields were weaker Base metals The three-month base metals prices on the LME were down across the board by an average of 1.3% on Friday morning, in line with the weakness seen across markets after traders became nervous about the possibility of the new variant leading to more widespread lockdowns again – although, it is early days in understanding the new variant. Copper was down by 1%...


William Adams

November 26, 2021

09:01 GMT