Futures prices across the London Metal Exchange base metal complex were relatively steady with only modest price movements at the 9am open on Friday November 12, following a strong performance at the 5pm close on November 11.
The US dollar index continued to perform strongly. It was at 95.13 at the 9am open, posting only a modest decline from 95.16 at yesterday's close. This strong dollar has the potential to weigh on price gains for base metals.The US warned the European Union over night that Russia may be preparing to invade Ukraine, which has also impacted market sentiment given the reliance of the European Union on Russian gas production in an already tight energy environment."Given the strong dollar and a...