Base Metals on the London Metal Exchange Close Broadly Higher on November 2

Deep News08:00

Base metal prices on the London Metal Exchange closed broadly higher on November 2.

Three-month copper settled at US$14,325.50 per tonne, up US$195.50, or 1.38%, from the previous trading day's close.

Three-month aluminum closed at US$3,097.00 per tonne, an increase of US$34.50, or 1.13%, from the prior session's close.

Three-month nickel finished at US$15,500.00 per tonne, gaining US$280.00, or 1.84%, compared with the previous close.

Three-month lead ended at US$1,904.00 per tonne, down US$0.50, or 0.03%, from the previous close.

Three-month tin settled at US$49,800.00 per tonne, up US$1,360.00, or 2.81%, from the prior close.

Three-month zinc closed at US$3,888.50 per tonne, rising US$63.50, or 1.66%, from the previous session's close.

Base metals on the London Metal Exchange closed broadly higher on November 2. Oil prices fell that day amid negotiations between Iran and Qatar, which in turn weakened the US dollar and partially eased inflation and interest rate concerns, offering a window for sentiment recovery in the metals market.

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