Nearby spreads for some metals continued to be tight, while London Metal Exchange prices mostly decreased on the morning of Wednesday August 18 following the sell-off on Tuesday.
"The LME Index (LMEX) fell 1.2% [on Tuesday] alongside United States equity markets, which suffered the biggest decline in a month, as concerns intensified that the delta variant will weigh on growth," LME Desk analyst Anna Stablum said on Wednesday morning. The S&P 500 index, which reached an all-time high of 4,479 points on Monday, was down to 4,418 points on Tuesday.After being one of two metals to rise on Tuesday -...