Base metal prices on the London Metal Exchange were higher during morning trading on Thursday November 29, with market confidence boosted by US Federal Reserve chairman Jerome Powell saying that the central bank may soon be in a position to pause the interest rate hikes.
"The market is looking more confident this morning due to Wednesday's Federal Reserve comments, but likewise it is still nervous about what developments there will be on trade at this weekend's Group of Twenty (G20) summit, and so trade issues are likely to dominate for the rest of the week," Fastmarkets senior analyst William Adams said. Rising 2.27%, LME three-month tin traded the most positively over the morning reaching...