Base metals prices on the London Metal Exchange closed mostly lower on Friday January 5 although tin bucked the trend.
The three-month copper price ended $67.50 lower back below $7,200 per tonne at a one-week low. "The complex may have reached slightly overbought levels, however, and most of the positive catalysts may have been priced in," Metal Bulletin analyst Andy Farida said. "It would not surprise us if some short-term consolidation materializes."Aluminium prices closed 1% lower - the strong rally at the end of December attracted some mild profit-taking.Zinc prices were a little stronger, dropping just $8, and remain around 10-year highs after more than 25,000 tonnes of stock were cancelled at LME-listed warehouses...