The London Metal Exchange three-month base metals prices mostly increased during morning trading on Friday September 4, after steady recoveries in both copper and nickel futures, while a fresh cancelation of some 1,825 tonnes allowed LME lead gains to lead the complex.
LME lead's outright price was recently at $1,962 per tonne, up by some 1.1% from a morning low of $1,936 per tonne, while turnover was moderate at just under 1,200 lots as of 10am London time.The fresh cancelation of some 1,000 tonnes from LME-registered warehouses in Singapore supported buying momentum in LME lead, while another 825 tonnes was booked out of warehouses in Moerdijk, the Netherlands.Elsewhere in the complex,...