The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.
Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50 per tonne, when the entire base-metals complex fell.The nickel three-month price was $17,936 per tonne at the close, a 1% gain from $17,762 per tonne on Monday. This was the biggest rise on the LME; nickel's price had also fallen the most on Monday, by 1.7%."The base metals complex appears to have forgotten what a correction looks like. In fact, we...