Base metals prices were down by an average 3.2% on the London Metal Exchange at the close on Wednesday May 19, with fears of inflation continuing to creep into markets given new warnings from China and ahead of the release of the minutes from the Federal Open Markets Committee's latest meeting.
Zinc's three-month price dropped by 3.9% to $2,939 per tonne at Wednesday's close, erasing the gains it had made this week so far.
The metal had closed at $3,057 per tonne on Tuesday after reaching $3,108.50 per tonne on the same day during early trading, the most since June 15, 2018.
Copper's price was also down by 3.9% to $10,001.50, while its intraday low of $9,977.50 per tonne was the first time the metal fell below...