Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Thursday December 27, buoyed by broad strength in global stock indices and a softer US dollar index.
Climbing the furthest, the three-month copper price appreciated 0.7% over the morning and continues to trade close to the $6,000-per-tonne support level. Volumes traded for the red metal continue to top the complex despite broadly quiet trading due to the Christmas holiday period, with 5,500 lots traded as of 10:51am London time.Elsewhere, positive trading in zinc, lead and tin futures comes amid the US dollar index dropping below the psychological level of 97, while a surge in the Dow Jones Industrial Average by more than 1,000 points has fuelled upward momentum. "Broader risk-off sentiment continues to create downside price risks, but in view...