Base metals prices on the London Metal Exchange consolidated during morning trading on Tuesday April 28, characterized by thin volumes and sideways trading, while a 7,300-tonne fresh cancellation from Asian locations bolstered copper's price incline.
The LME three-month copper price was recently at $5,188 per tonne, inching up by 0.1% from an intra-morning low of $5,170 per tonne. Trading turnover in the red metal was thin over the morning, with 5,000 lots exchanged as of 10am London time. LME data shows a fresh cancellation of 7,300 tonnes out of LME-registered warehouses in Busan, Kaohsiung and Singapore this morning, supporting the copper price. This takes total...