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Base metals prices looking tired again but potential $2tln relief package might change that
Three-month base metals prices on the LME were mixed this morning. Nickel once again led on the upside with a 0.8% gain to $17,830 per tonne, while zinc led on the downside with a 0.8% fall to $2,749 per tonne. Lead was off by 0.2% at $2,045 per tonne and copper was up by 0.3% at $7,992 per tonne, while aluminium and tin were little changed. The most-traded base metals contracts on the SHFE were also mixed, with February lead up by 2.1%, March nickel up by 0.9%, while February zinc was down by 1.3%. The rest were little changed with March copper off by 0.1% at 58,800 yuan ($9,094) per tonne. Precious metals Spot gold ... (full story)