LIVE FUTURES REPORT 01/05: LME nickel sinks below $12,000/t; copper, aluminium lose ground despite fresh cancellations

May 02, 2020 / www.metalbulletin.com / Article Link

The London Metal Exchange three-month nickel price sank below$12,000 to close at $11,955 per tonne on Friday May 1, shedding 1.73% of its price after a low turnover of 3,207 lots traded.

Base metals prices fell across the complex, with the LME three-month copper price falling 1.57% on Friday to close at $5,110 per tonne, despite a fresh cancellation of 6,600 tonnes across LME-registered warehouses.Similarly, a fresh cancellation of 9,825 tonnes failed to support aluminium futures prices, which closed at $1,487 on...

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