Base metal prices on the London Metal Exchange remained high at the close of trading on Tuesday March 27, with only aluminium moving down.
Aluminium was the only downward mover, dropping $7.50 to $2,044.50 per tonne while it continues to lack momentum."Its technical configuration is starting to improve and now badly needs follow-up buying to help the price of the light metal to edge higher. Going forward, any sign of hesitation on the upside could encourage downside momentum to return and that may not bode well for the aluminium price," said Andy Farida, Metal Bulletin analyst. The...