Base metals prices on the London Metal Exchange closed mostly in negative territory on Thursday June 28, with lead edging 1.5% lower amid broad downward trends in tin and copper.
Although lead had previous shown some resilience to the recent slowdown across the complex, prices dropped below $2,400 per tonne for the first time since May 18. Broad strength in the dollar continues to weigh on the base metals, with today's rise in the US currency matching the 2018 high at 95.54.Tin continued to trade below $20,000 per tonne during the day, hitting a intraday low of $19,625 per tonne.The metal's spread's remain tight - the cash/three-month spread in a backwardation of $89 per tonne,...