London Metal Exchange futures prices remained under pressure from a strong US Dollar Index amid rising concerns over the potential impact on demand of a resurgence in Covid-19 in Europe and China.
Zinc's three-month price was the most affected, down by 1.1% on Monday at 9am to $3,190 per tonne - from $3,228.50 per tonne last Friday. Last week, the galvanizing metal was down 4.7%, with trading marked by volatility, having closed at $3,388.50 per tonne on November 1. Tin was the only metal to rise slightly on November 8, at $37,125 per tonne at 9am, up from $37,060 per tonne at last Friday's close. "The stronger dollar is, no doubt, a headwind and, overall, it looks as though a longer period of profit-taking [activity] is setting...