London Metal Exchange three-month base metals prices, except tin, ticked up during the morning on Wednesday October 10 despite news that United States President Donald Trump will not hold long-awaited fiscal stimulus talks with US Democrats until after the Presidential election on November 3.
Discussions regarding the proposed US $2.2 trillion relief bill are ongoing, revised down from the original $3.4 trillion proposal, put forward by the Democrat faction in the US House of Representatives.Upward price momentum was capped at 0.4% across the complex amid China's market absence, which has acted as a headwind for LME futures with trading in the region virtually suspended until the end of the Golden Week holiday on October 8."Yesterday, once again the metals followed the Dow futures up and down with little else to drive prices. Yet again President Trump started tweeting and this time it did hit the...