Base metals prices on the London Metal Exchange were largely consolidating during morning trading on Monday February 5 after a broadly negative performance at the end of last week.
Copper's three-month price has gained $55 so far this morning to move above $7,100 per tonne. "Copper is the best performer so far today on the back of a decent onshore bid which has managed to keep LME copper well above Friday's close," Matt France at Marex Spectron said."As things stand the complex is holding up well given the macro backdrop; however, it remains to be seen if this can persist once the Chinese arb traders finish this afternoon," he added. Tin rose $70 per tonne after stocks fell a further 130 tonnes to remain around record lows while...