LME base metal futures rise; nickel back above $20,000

Base metal prices were up across the board in morning trading on the London Metal Exchange on Wednesday December 1, after a volatile start to the week due to concerns over the Omicron variant.

“Choppy trading continues across most markets and we expect more of the same,” Fastmarkets head of base metals and battery research William Adams said in a note. “Generally, the base metals prices are looking a bit more vulnerable and while there may be interest securing supply into price weakness, nervousness about the uncertainty from the Omicron variant, to what degree governments lock down, the Fed’s stance and how economies are holding up,...

Published

Callum Perry

December 01, 2021

11:12 GMT

London