Base metals weakened as combination of events rattles broader markets

Base metals prices on the LME and SHFE were mainly weaker on the morning of Tuesday January 25, in response to risk-off moves in broader markets caused by growing concerns over the potential for concerted central bank tightening and Russia’s ambitions in Ukraine.

Western equity markets sold-off sharply on Monday January 24, with intraday losses of 3.2% on the Dow Jones Industrial Average and 4.5% on the Euro Stoxx 50 index. Geopolitical...


William Adams

January 25, 2022

09:22 GMT