NORTH AMERICAN MORNING BRIEF 16/01: LME base metals down; nickel falls after rally; seaborne iron ore market slides; Rio Tinto results

By Tanya Ashreena / January 16, 2018 / www.metalbulletin.com / Article Link

The latest metal markets news and price moves to start the North American day on Tuesday January 16.

Base metals traded on the London Metal Exchange are edging lower this morning, Tuesday January 16, posting an average loss of 0.7% on subdued trading volumes. Nickel prices, down 1.6%, are the weakest, while copper and tin prices, both down 0.2%, are showing the most resilience.This bout of profit-taking seems to be driven by a rebound in the dollar, pushing most commodity prices lower, despite a continued positive...

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