Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments.
Climbing by nearly 1%, the three-month zinc price was the biggest mover in the morning, pushing back above $2,500 per tonne amid continued outflows in LME stocks, which remain at 10-year lows.The metal's bearish downturn resulted in its three-month price falling to a low of $2,437 per tonne on November 8, which is more than 6.5% lower than zinc's November high of $2,609 per tonne. Similarly affecting the zinc market, a significant fall in the share price of prominent Belgian zinc and lead producer Nyrstar is deterring investors amid the largest one-day decline on record. "Sentiment on the metals markets has improved somewhat again today after a Chinese newspaper reported that vice prime minister Liu He will soon be...