Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close.
Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a trade war leading to a more bearish tone in most base metals prices. "The action from the White House unnerved the US stock market, which sank 724 points on the Dow, the fourth largest point decline ever. The sell-off triggered a wave of liquidation in a number of commodity markets... base metals lost significant ground," INTL...