London Metal Exchange base metals closed mostly down on Wednesday October 6, with most of the market closely watching macroeconomic developments in China and the United States.
Still, analysts noted that while risks from macroeconomic events put downward pressure on base metals prices, a lack of supply across commodities continues to keep metals relatively range-bound."Our base metals in contrast remain largely in a quandary with a low and still declining stocks environment countered by events in China as well as a polarized political outlook in the USA where there remains a threat around the two sides not reaching an agreement to raise...