Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday December 28, supported by strong gains across global equity markets, while the largest outflow of 2018 in LME tin stocks keeps the metal's futures price elevated.
Despite consolidating higher over the morning, the three-month aluminium price remains under pressure below $1,900 per tonne after the US Treasury Department announced its plans to remove sanctions on Russian aluminium producer UC Rusal in January 2019. Supporting commodity investment, both the Dow Jones Industrial Average and the S&P 500 Index were up around 1% over the morning, while volumes remain low due to the holiday period, with aluminium's 4,000 lots topping the complex as of 10:50am London time. Meanwhile, an emerging dispute in the US Congress over US president Trump's plans to build a border wall has resulted in a government shutdown, while trade...