The three-month prices of base metals traded on the London Metal Exchange broadly closed up at the afternoon kerb on Monday December 16, emboldened by positive China data, while a weaker US dollar provided a consumption tailwind.
"LME base metals three-month prices are stabilizing... there is a cautious optimism in the air," Fastmarkets research analyst Andy Farida said. "But a trade deal between the United States and China is already priced in. The market is now more interested in economic data and what that will mean in 2020," he added. China's industrial production...