Base metals prices consolidate, looking for support

Base metals prices consolidate, looking for support

The correction in the base metals continued yesterday, November 16, with three-month prices falling an average of 1.9%. Zinc prices led the decline with a 3.3% drop to $2,535 per tonne, lead and tin prices were down around 2.3%, aluminium prices were off 1.8%, copper prices dropped 1.3% to $5,451 per tonne and nickel prices were off 0.3%. In the precious metals, spot silver prices were down 0.5%, palladium prices were up 1% and gold and platinum prices were little changed, with spot gold closing at $1,226,30 per oz. Read more at fastmarkets.com

2016-11-17 10:50