Base metals prices were steady on the morning of Thursday December 10, staying around price highs established on Wednesday on the London Metal Exchange when tin, zinc and nickel rallied to new year-to-date highs.
The three-month nickel price rose during morning trading to $16,865 per tonne, setting yet another year-to-date high on Thursday. The metal's three-month price was at $16,820 per tonne at 9am, a 0.7% increase on Wednesday's 5pm close of $16,703 per tonne. The zinc price stabilized on Thursday after increasing by 2% day on day at the close on Wednesday and setting a new 2020 high during trading. The galvanizing metal's three-month price was at $2,834 per tonne at 9am, slightly lower than Wednesday's 5pm closing price of $2,855.50 per tonne. "The metal rallied...