Most futures contracts on the London Metal Exchange were slightly higher in the morning of Friday September 17, with the exception of nickel, following a Thursday session in which most metals declined.
"After a volatile day [on Thursday], which saw prices lose ground, the metals were a somewhat dull affair [to start with] this morning. There was some end-of-week short covering early on, which was to be expected [and] saw copper up to $9,433 [per tonne] and Nickel up to $19,480 [per tonne], but now prices are starting to drift again on low volumes," Kingdom Futures director Malcolm Freeman said on Friday morning. Indeed, copper's three-month price was at $9,400.50 per tonne...