Base metals on the London Metal Exchange had a mixed start in morning trading on Friday November 16, with investor sentiment improving amid easing US-China trade tensions and a slight downturn in the US dollar index.
Both lead and nickel futures were the biggest climbers over the morning, appreciating more than 1% respectively amid depleting LME stocks and strong demand from the electric vehicle and battery sectors. Meanwhile, three-month copper, zinc and tin prices consolidated lower over the morning, while aluminium futures ticked marginally higher despite inflows of more than 8,000 tonnes over the morning. "I think in regards to the G-20 summit, we would recommend erring on the side of caution. The Chinese economy is slowing according to recent data releases and it seem the US and China have differing views on intellectual property rights, which remains a focal point [of] the current trade dispute," Sucden Financial's head...