The lack of decisive action in US-Sino trade talks and whispers of retaliatory tariffs between the two countries weigh heavily on the base metals complex during morning trading on Wednesday May 29.
"The whole effect has made investors realize that China has not yet retaliated against the proposed rise in Trumpian tariffs, and on that, some commentators now expect the trade war radio silence from Beijing will continue at least until the second week of June, which in itself creates further uncertainty for western investors," John Browning of BANDS Financial said. Tin was the worst hit, falling by 2.5% to trade around $18,715 per tonne in the morning session, down from the...