London Mtal Exchange three-month base metals prices rebounded on Tuesday November 24, with copper and nickel leading the way, after a correcting session had resulted in across-the-board declines on Monday.
Copper and nickel led the way with day-on-day increases of more than 1.5% on their three-month prices. Prices were also supported by a lower US dollar index, which fell to 92.30 at around 5pm on Tuesday - a 0.3% decrease from its Monday closing price.The International Copper Study Group (ICSG) reported on Monday that the global market showed a 72,000-tonne deficit in August, down from the...