Most base metals on the London Metal Exchange opened higher on Thursday October 7 amid thin trading on the last day of a week-long holiday in China.
"Despite some macro headwinds over China's property debt, the semiconductor shortage, global inflation, shipping delays and high shipping costs, metals remain quite buoyant overall," Will Adams, Fastmarkets' head of base metals and battery research, said on Thursday morning. The three-month copper price rose by 0.9% to $9,127.50 per tonne during morning trading from $9,045.50 per tonne at Wednesday's 5pm close.Warrants for a total of 10,375 tonnes of the red metal...