Three-month base metals prices traded on the London Metal Exchange universally closed down at the afternoon kerb on July 30, with a strengthened dollar complex and inflows across all metals, except zinc, exerting downward price pressure.
An increasingly macro-sensitive base metals complex may be reacting to United States President Donald Trump's assertions, via social media, that current US-Sino trade negotiations are faltering. "China is doing very badly... my team is negotiating with them now, but they always change the deal in the end to their benefit," President Trump said on Twitter. "The problem with [China] waiting, however, is that if and when I win, the deal that they get will be much tougher than what we...