The base metals complex on the London Metal Exchange drifted lower in morning trading on Wednesday January 27, with lead and tin experiencing the biggest declines at 9am, and zinc also trending downwards following a sizable increase in LME warehouse stocks the previous day.
Lead's three-month price shed 1.1% on Wednesday morning to trade at $2,054.50 per tonne, compared with its closing price on Tuesday at $2,078 per tonne. The heavy metal's 5pm close on Tuesday was its second highest this year, with the highest being January 5's closing price of $2,081 per tonne. Tin's three-month price fell by 1% to $22,630 per tonne, following a record-setting trading session on Tuesday, when the metal closed at $22,850 per tonne - nearly $1,000 per tonne higher than just two...