Three-month prices for all base metals on the London Metal Exchange except lead rose on Friday August 28, with nickel leading the rally.
Fastmarkets analyst Andy Farida attributed Friday's rally to market reaction to a speech by US Federal Reserve chairman Jerome Powell on Thursday August 27. Powell signaled to the market that the US Federal Reserve will relax its inflation target of 2% in a bid to shore up employment in the country and keep interest rates low.The...