NORTH AMERICAN MORNING BRIEF 08/05: LME base metals mostly lower; Los Pelambres pipeline blockage; Fred Demler named global head of metals at ED&F
Date: May 9, 2018
The latest metal markets news and price moves to start the North American day on Tuesday May 8.
Base metals on the London Metal Exchange were mostly lower during morning trading, with broad consolidation in effect across the complex.
Aluminium’s three-month price continues to trade firmly above $2,300 per tonne, reaching a high of $2,372 per tonne over the morning.
Despite the light metal’s recent activity typified by spates of volatility and alternating spreads, prices are continuing to find support throughout the month.
Here is how the LME base metals complex looked at 12.30pm London time:
For a snapshot of exchange news, check out our live futures report.
Chilean copper miner Antofagasta estimates that export sales of copper concentrates from its Los Pelambres mine will be affected after a pipeline blockage halted transportation of material from the mine to the port of Los Vilos.
