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Base Metals Rose across the Board, Nickel Surged over 5%

From news.metal.com

Shanghai Base Metals all closed with gains in the overnight trading. LME metals rose in the trading on Wednesday as well. LME copper rose 1.49%, aluminium increased 1.09%, lead went up 1.77%, and zinc gained 1.08%. SHFE copper rose 1.19%, aluminium gained 0.53%, lead won 1.77%, and nickel surged over 5%. Copper: Three-month LME copper opened at $9,781/mt on Wednesday, hitting the highest level at $9,870/mt, and closed at 9,821/mt, up 1.49%. The trading volume was 11,000 lots, and the open interest was 240,000 lots. Three-month LME copper is expected to trade between $9,760-9,860/mt today. The SHFE 2203 copper ... (full story)

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  • Category: Fundamental Analysis