London Metal Exchange prices shook off a surge on the United States Dollar Index and were all trading higher on the morning of November 11, with the dip-buying trend continuing in the base metals complex.
"While China may have the brakes on, the rest of the world still looks structurally bullish, with infrastructure projects under way, shipping congestion and low stock levels affecting availability, which in turn is creating pent-up demand," Fastmarkets' head of base metals and battery research William Adams said on Thursday morning. Aluminium's three-month price was among those best placed on Thursday, with a 2.3% rise at 10am GMT - to $2,638 per tonne - from Wednesday's closing price of $2,578 per tonne. Its LME stocks...