Base metals prices on the London Metal Exchange were mostly trading down at 9am on Tuesday November 16 - with the exception of nickel, which was up by over $70 per tonne.
Strength in the United States dollar weakened base metals prices, with the US Dollar Index opening the day at $95.53, the highest opening figure since July 21, 2020. The rally has come off slightly since Monday's highs of $95.60.The three-month copper price was little changed at $9,660 per tonne on Tuesday morning, from $9,673 per tonne at Monday's 5pm close, after reaching a high of $9,742 per tonne earlier in the day."Concerns about China's property markets eased and the offshore...