Base metals prices closed lower on the London Metal Exchange on Monday November 15, extending a downward consolidation amid an uncertain macroeconomic picture and a strong United States dollar index.
Nickel's three-month price registered the largest fall on Monday, with a drop of $19 per tonne from $19,979 per tonne at the close on Friday.The metal traded as high as $20,030 per tonne - its highest price since October 27 - but failed to hold those levels and closed below the 20-day moving average support level of $19,757...