Base metals closed with moderate losses on Friday, just ahead of the start of the Chinese New Year holiday. The LME began the new week on a calm note. In our own matter: the Gerber Group warns of rising costs and an increasingly blocked EU Single Market. Last Friday, Asian base metal prices closed with moderate losses. To a significant extent, this movement was likely linked to the start of the Chinese New Year holiday period. A similar reaction was observed on Friday at the London Metal Exchange, although at the start of trading on Monday, base metals were moving largely sideways in stable conditions. US Steel and ... (full story)