The London Metal Exchange three-month prices for copper, zinc and lead were on the rise on Wednesday morning while the market continues to sway between expectations of a Covid-19 vaccine, a Joe Biden presidency and the prospect of an economic downturn in Europe due to new lockdowns.
The LME three-month lead price made the most significant gains over the morning from Tuesday's 5pm close with its price up by 1% to $1,869 per tonne, on-warrant stock levels fell to 91,525 tonnes after 2,875 tonnes were delivered and and a 1,250-tonne cancellation in Singapore and Triste.The price of the red metal increased by 0.4% on Wednesday, reaching $6,964 per tonne at 9:25am....