All London Metal Exchange prices barring copper had small upticks on the morning of Thursday August 5, while 5,200 tonnes of zinc and 2,500 tonnes of lead were booked for removal from LME inventories.
Copper's three-month price was down a slight $33 to $9,433 per tonne at 9am, while aluminium's price increased $12.50 per tonne to $2,579 per tonne after a 1.2% fall on Wednesday to $2,566.50 per tonne.The lower prices on Wednesday were in part triggered by a rise in the United States dollar index, following comments from Federal Reserve Vice Chair Richard Clarida, which "cement[ed] bets on the first rate hike in early 2023 and an announcement on tapering later [in 2021]," Marex's LME Desk analyst Anna Stablum...