LME base metal futures mixed amid Omicron variant concerns

Base metal futures on the London Metal Exchanged were mixed at the 9am open on Tuesday November 30 due to increasing concerns about the Covid-19 Omicron variant.

Despite recent economic data showing strong manufacturing and property performances in many countries, increasing concerns over the impact of the Omicron variant of Covid-19 have weighed on prices. Stephane Bancel, chief executive of vaccine provider Moderna, warned people that current Covid-19 vaccines are unlikely to be as effective against the new variant. “We expect markets to be volatile as we learn more about the impact of the Omicron variant and sentiment is likely to continue to swing on each...


Callum Perry

November 30, 2021

10:49 GMT