Three-month copper on the London metal exchange was up 0.22% at $ 9,690.5 per metric ton by 0326 gmt.
LME Aluminum Gained 0.18% to $ 2,555 a ton, zinc ticked up 0.49 to $ 2,651.5, lead strengthened 0.23% to $ 1,980.5 and nickel inched 0.27% Higher to $ 14,965. Tin Climbed 0.73% to $ 32,500.
The dollar index was last a touch weaker, losing 0.13%.
A Weaker dollar makes dollar-denominated assets more affordable to holders of other currency.
“Base Metals Remained Under Pressure Amid a Broader Risk Off Tone Across Markets,” said anz analysts.
Concerns Over Escalating Hostilations in the Middle East Stayed Front and Center in Markets on Wednsday, Sending Oil Pries Higher. Higher Oil Pries Dampen Economic Growth and Stoke Inflationary Pressures.
Meanwhile, recent data showed the us economy was slowing amid president donald trump’s shifting tariff policies, with retail sales Falling more than expected in May.
The Shfe Most-Traded Copper Contract Gained 0.14% to 78,640 Yuan ($ 10,943.50) Per Metric Ton.
Shfe aluminum was up 1.45% at 20,700 yuan a ton, lead Slipped 0.62% to 16,820 yuan, nickel fell 0.49% to 118,400 yuan, while zinc gained 0.87% to 22,065 yuan and tin in inced up 0.08% to 264,480 Yuan.
For the top stories in metals and other news, click or
($ 1 = 7.1860 yuan)
Discover more from
Subscribe to get the latest posts sent to your email.
Be First to Comment