Base metals prices follow broader markets lower on hawkish Fed stance

Base metals prices on the London Metal Exchange were weaker across the board on the morning of Thursday January 27, as the market reacted to weakness in the broader markets following comments by US Federal Reserve chair Jerome Powell that the Fed would take a tough stance on inflation with the possibility of a string of rate increases.

Conversely, base metals prices on the Shanghai Futures Exchange were mainly firmer in reaction to the strength on the LME on Wednesday and due to the stronger dollar and weaker...


William Adams

January 27, 2022

09:07 GMT