Base metals prices on the London Metal Exchange were largely subdued with trading volumes low in the morning session on Friday November 11 while the metals market absorbs some of the previous day's United States-China trade deal optimism.
But notable stock action continues regardless, with significant inflows of aluminium occurring while unprecedented nickel drawdowns carry on unabated. Some 9,075 tonnes of aluminium had flowed into LME-approved global warehouses by 9am on Friday versus a 3,325-tonne outflow of material. Meanwhile, 300 tonnes of material were freshly-canceled. LME aluminium stocks now total 974,200 tonnes. The bulk of the inflow went to LME sheds in Port Klang, Malaysia, and Singapore, which received 3,400 tonnes and...