Base metals prices edged lower on the London Metal Exchange during morning trading on Wednesday April 4, as the prospect of a trade war between the United States and China continued to dampen sentiment.
Aluminium's three-month price was the only contract to rise and appeared to be in consolidation mode after dropping below $2,000 per tonne on Tuesday for the first time since August 2017. Yet the chances of further stability remains unclear."With no sign that global on-exchange stock levels are declining or that there will be a toned-down approach from the US or China on fresh tariffs, LME aluminium is likely to remain under downside pressure," Metal Bulletin analyst Andy Farida said.Nickel prices experienced the sharpest drop...