ASIAN MORNING BRIEF 24/10: LME base metals prices mixed; Comex copper hit by equities downturn; Trafigura to set up joint-venture smelter-refinery in Saudi Arabia

Date: Oct 24, 2018

The latest news and price moves to start the Asian day on Wednesday October 24.

Base metal prices on the London Metal Exchange were mixed at the close of trading on Tuesday October 23, with tin’s strong performance leading gains across half of the complex despite a strong US dollar index and broadly risk-averse investors. Read more in our live futures report.

Here are how prices looked at the close of trading:

Comex copper prices were dragged lower by a downturn in equity markets in morning trading, after beginning the week on solid footing.

Trafigura plans to set up an integrated copper, zinc and lead smelting-refining complexvia a joint venture in Saudi Arabia, the commodities trading house said.

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