Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday November 19 despite hawkish rhetoric on the US-China trade relations while a softer dollar index continues to support investment.
Both zinc and tin futures appreciated around 0.6% this morning and remain well supported amid supply concerns and depleting LME stocks. In zinc, continued outflows at LME-listed warehouses across New Orleans, which hold the most of LME zinc globally, have facilitated upward price momentum, while inventory in Antwerp sits at just 200 tonnes, down from around 51,200 tonnes in October. Elsewhere, lead's three-month price has staged a recovery from recent lows, trading 5% higher than last week's low of $1,910 per tonne on...