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Gains across most base metals suggests underlying sentiment remains bullish

From fastmarkets.com

LME three-month base metals prices were for the most part higher with lead bucking the trend with a 0.5% drop to $2,377.50 per tonne, but that was after the heavy metal reached levels not seen since July 2018. The rest of the complex were up by an average of 0.8%, with nickel ($19,130 per tonne) and tin ($34,500 per tonne) up by 1.3% and 1.2% respectively, while copper was up by 0.5% at $9,511.50 per tonne. The rebound after Monday’s show of weakness, suggests the underlying bull market remains alive, supporting the supercycle theme. The most-active base metals contracts on the SHFE were up across the board with ... (full story)

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  • Category: Fundamental Analysis