Base metals prices were mixed on the London Metal Exchange during morning trading on Wednesday August 11 and were largely consolidating following Tuesday's highs after the United States Senate passed a $550 billion infrastructure package.
"The passing of the US infrastructure bill bodes well for the base metals as the spending is focused on upgrading the US transport system. Some $550 billion will be spent on upgrading roads, bridges, tunnels, airports, rail networks and the power grid - all metal-intensive, no doubt," Fastmarkets' head of base metals and battery research William Adams said on Wednesday morning.The three-month price of tin achieved a fresh all-time high during overnight trading at...