Base metals prices on the London Metal Exchange were little changed during morning trading on Monday December 24, with trading volumes low due to a number of participants being absent from the market for the Christmas holidays.
Lead prices had not yet responded to a large cancellation at LME-listed warehouses - the price was just $4 per tonne higher as it remained below the $2,000-per-tonne support level.Some 31,150 tonnes of lead was freshly cancelled on Monday, over 20,000 tonnes in Antwerp and 5,000 tonnes in both Rotterdam and Vlissingen. Nickel climbed $55 per tonne higher as it aims to push back above $11,000 per tonne by the end of the year, but just 1095 lots had been traded as at 09.46 London time. "LME nickel clearly lacks any catalyst to...