Zinc leads LME base metals' ascent; nickel edges over $20,000/t

Base metal futures on the London Metal Exchange were largely higher at the 9am open on Friday December 3, following a volatile week amid concerns over the potential impact of the Omicron variant of Covid-19.

The best performer was the three-month zinc price on the exchange, which rose by 1.5% to $3,195 per tonne from $3,146 per tonne at the 5pm close on Thursday.
Data from Peru's Ministry of Mining & Energy released on Thursday showed that zinc output in the country - the world's third-largest producer - continued a months-long trend of decline.

Glencore also said it would delay the ramp-up of its flagship Zhairem zinc project in...

Published

Callum Perry

December 03, 2021

10:38 GMT

London