Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Tuesday May 29, with gains averaging 0.8%, except aluminium where prices are off 0.1%, while copper prices are up 0.3% at 46,879 per tonne.
Volume on the LME has been high, with 10,305 lots traded as of 6:59am London time. This follows a general day of weakness on Friday, when all the metals - except zinc - were lower by an average of 1%, while zinc prices were up 0.5%. Gold and silver prices were down either side of 0.2%, with spot gold prices at $1,298.08 per oz, while platinum and palladium prices were up 0.9% and 0.5%, respectively. The metals in China were generally firmer this morning, led by a 3.2% gain in tin prices. Nickel, lead and zinc prices are also up strongly with gains of 2.2%, 1.8% and 1.4%, respectively, with copper up 0.4% at 51,670 yuan ($8,059) per tonne, while aluminium bucks the trend with a 0.3% drop. Spot...