Base metals other than nickel closer lower on the London Metal Exchange on Friday July 5 in thin volumes after the release of weak macroeconomic data from the United States.
Zinc was one of the busiest - more than 10,000 lots traded by the close of trading - because of swing in its cash/three-month spread into a slim $3-per-tonne contango from a $9.50 per tonne earlier in the day.The cash/three-month spread eased earlier in the week, narrowing to a $67-per-tonne backwardation on Tuesday July 2 from a...