Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday February 15, gathering support from a broadly positive tone emerging from recent US-China trade talks.
Climbing furthest over the morning, lead's three-month price is moving closer toward the $2,100 per tonne level after reaching a low of $2,011 per tonne on February 13. The metal's futures price action has been volatile of late, soaring to its highest level since August 2018 on February 4 at $2,135 per tonne, before falling over 5% to a low of $2,011 per tonne on February 13. Meanwhile, three-month copper, zinc and tin prices are trading in similar fashion after dropping at Thursday's close, with 7,000 lots of copper traded as of 10:30am London time topping the complex. "The US delegation is expected to meet with Chinese President Xi Jinping before the talks come to a close today. Market participants are now waiting...