Base metals on the London Metal Exchange were lower across the board during morning trading on Thursday March 1.
A significant recovery in the dollar over the past few days has continued to curb investors' appetite for the base metals, and the dollar index hit its highest since January 18 overnight. The three-month copper price has plummeted back below $6,900 per tonne and hit a fresh two-and-a-half week low. "Approaching March, downstream consumption is expected to improve for copper and ease the stock pressure. However, there are concerns that the [copper] market will remain volatile as a result of the sharp decline in US equities and rebound in the dollar," Citic Futures Research said....