Base metals prices on the London Metal Exchange were up at the 5pm close of trading on Thursday October 14 on a weaker US Dollar Index, and continuing power supply issues that were squeezing metal supply.
"Chinese factory-gate pricing in September may have grown at its fastest pace in 26 years, adding to the 'stagflation' growth threats moving down the line. But in the here and now, power and supply issues are creating supply tightness, already exacerbated in low official inventory levels [and] reflected in the tightening term structures," Alastair Munro, LME desk analyst at Marex, said on...