Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday December 21, consolidating from their recent year-to-date highs.
The three-month aluminium price fell by 1.4% this morning after nearly 30,000 tonnes were delivered into LME-listed warehouses.Warehouses in Port Klang received 27,875 tonnes of aluminium, while a couple of hundred tonnes was also delivered into Johor. The three-month price was most recently trading at $2,025.50 per tonne, from $2,056 per tonne at the close on Friday. It has retreated from its year-to-date high of $2,096 per tonne that it hit on Wednesday."LME aluminium's price action is beginning to show signs that upward momentum has run out of...