Base metals prices remained mixed on the London Metal Exchange at the 5pm close of trading on Wednesday July 28, with the month-end approaching and the market still waiting for signals of fresh direction from the US Federal Reserve bank.
"While we are very positive on the fundamentals [for copper] in the long term, we remain cautious in the short term due to the presence of macro headwinds," Fastmarkets analyst Andy Farida said on Wednesday.The three-month copper contract fell by 0.7% to $9,686 per tonne on July 28, down from $9,758.50 per tonne at Tuesday's 5pm close, with 13,817 lots traded during...