Strong gains for the US dollar, and manufacturing data out of Japan and China that was weaker than expected, sent base metal prices on the London Metal Exchange lower on Thursday July 1, with zinc leading the complex downward.
The US Dollar Index hit a high of 92.55 on Thursday, the highest since April 6 and up by 0.8% since the start of the week.But the three-month price for zinc was down by 1.2% to $2,937 per tonne on Thursday, the biggest drop in the base-metals complex.The LME three-month aluminium contract price was down...