Base metals prices on the London Metal Exchange were mixed during morning trading on Friday May 31, with most metals trading in narrow ranges despite a marginal downturn in the US dollar index.
Volumes traded have been moderate over the morning, with more than 6,800 lots of copper exchanged as of 9:37am London time. The red metal's three-month price continues to trade in negative territory below $5,900 per tonne, while fresh inflows of just under 30,000 tonnes on Thursday May 30 helped further ease the metal's price action, which had reached levels close to $6,500 per tonne at the beginning of May. Meanwhile, copper's forward spreads came down slightly, with its cash/three-month spread...