Base metals on the London Metal Exchange were mixed at the close of trading on Thursday May 10, with copper climbing 1.5% while tin's three-month price dipped 1.3%.
Despite dropping 0.38%, the US dollar reached a fresh 2018 high of 93.42 this week, with mixed reactions across the base metals complex. The US currency gained momentum in the run-up to president Trump's announcement that the US will pull out of the Iran nuclear deal.The move prompted little change from the LME regarding treatment of Iranian aluminium brand Iralco, which has been listed on the exchange since 1979.Copper's three-month price climbed back above $6,900 per tonne this afternoon after consolidating in the $6,750-6,800-per-tonne range throughout last week. The red metal climbed to a three-week high during morning trading, with falling stocks a continued component suporting the...