Base metals mixed as trading quietens down ahead of holiday

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday December 24, as markets consolidated ahead of the holiday period.

Markets in general seem to be upbeat. They appear to have come to terms that central banks will start tightening monetary policies and there are high hopes that the Omicron variant of Covid-19 will not derail global economic growth as we move into 2022. • Risk-on evident as United States’ S&P 500 closed at a record high on Thursday • Natural gas prices plummet in Europe as US liquified natural gas tankers head across the Atlantic Base metals Three-month prices on the LME were mixed on Friday morning. The outlier was tin, which gained 1.9% to $39,315 per tonne; copper ($9,592.50 per tonne)...

Published

William Adams

December 24, 2021

10:02 GMT

London