London Metal Exchange base metals were generally trending down in the morning session on May 1, while market activity will be limited by national holidays in Europe and China and poor economic performance globally.
All eyes were on the LME aluminium three-month contract on April 30, which reached an intraday low of $1,795 per tonne, its lowest since January 13, 2017, when the price was trading at parity.The weakening aluminium price shows no sign of bouncing back to any great degree, trading $7.50 per tonne up on the previous day's low during the morning session on May 1, at around $1,802.50 per tonne. A lack of upward...