Prices down for most LME futures, aluminium down nearly 2%

November 10, 2021 / www.metalbulletin.com / Article Link

Base metal futures prices were largely down across the London Metal Exchange complex at the 5pm close of trading on Tuesday November 9, despite gains made on Monday.

Prices reversed across the board on the LME, initially trending higher before eventually scaling back by the close.
The US Dollar Index rose throughout the day, supporting this price move. It was up to 94.05 by 5pm, from 93.96 at 9am.
The three-month aluminium price fell by 1.9% to $2,556.50 per tonne at Tuesday's close, despite rising above $2,600 per tonne on Monday for the first time since November 3.

"The latest LME Commitment of Traders Report...

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok