London Metal Exchange base metals prices were weaker across the board during morning trading on Tuesday January 16, with nickel prices falling the most.
The complex is correcting this morning after Monday's rally, which saw copper and nickel prices close up over $100 per tonne on support from the weaker dollar. Nickel prices have plummeted $480 per tonne this morning, while copper prices retreated $128 per tonne. "Yet again this leads me to the conclusion that until we get through the Chinese New Year in a month's time we will not get a clear picture of real metal demand and might see more false start rallies," Malcolm Freeman of Kingdom...