Base metals' prices on the London Metal Exchange recovered on Tuesday May 11 morning, after falling for the first time since the start of the month on Monday amid a rise in inflation fears for United States equities, which meant the Nasdaq index fell to its lowest since March 31.
"Record high copper, steel and iron ore prices, among other commodities, stoked inflation fears and pushed Wall Street lower with the Nasdaq 100 Index shedding 2.6% yesterday [to reach 13,401 points]," Marex Spectron LME Desk analyst Anna Stablum said.Indeed, the five-year US Treasury inflation break-even rate, which shows what the expected inflation will...