Most base metals prices on the London Metal Exchange fell during morning trading on Thursday August 26 ahead of the Jackson Hole symposium, with aluminium stock being delivered into Port Klang while warrant cancellations for large quantities of copper continued for a fourth day.
Lead's three-month price, for example, was down by 1.6% at 9am on Thursday, at $2,281.50 per tonne. This compares with a closing price of $2,318 per tonne on Wednesday. The nickel futures price was also down by 1.6% on Thursday morning, at $18,870 per tonne, compared with Wednesday's closing price of $19,170 per tonne - the highest since August 17. The US Dollar Index, which closed at 92.83 on Wednesday, was up again on Thursday morning, at 92.92, supporting the small...