Three-month base metals prices on the London Metal Exchange broadly continued their recent run of weakness on the morning of Thursday July 5. Nickel prices were unchanged, while the rest of the complex was down by between 0.3% for copper ($6,382 per tonne) and 0.7% for aluminium ($2,089 per tonne). In precious metals this morning, gold and silver spot prices were down by 0.2% and 0.3% respectively, with gold at $1,254.58 per oz, while palladium was little changed and platinum was up by 0.1% at $840.50 per oz - the recent low being $797 per oz and the lowest since December 2008....
Volume has been above average with 8,855 lots traded as at 7:17am London time.
This follows a generally weak performance on Wednesday, when the complex closed down by an average of 1.2%, with only aluminium ending the day in positive territory.
Receive a free sample of market analysis and price forecasts.
Free SampleReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.
Subscribe