Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning. LME three-month base metals prices were down across the board by an average of 0.4% this morning, but volume has been low with just 2,681 lots traded as of 6.05am London time. This compares with an average across Monday to Wednesday closer to 4,400 lots at a similar time of day. Nickel ($16,120 per tonne) led on the downside with a 0.7% decline,...
* India reported 315,000 new Covid-19 infections on Wednesday
* Haven assets on the rise
Base metals
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