Three-month base metals prices on the London Metal Exchange were for the most part firmer during morning trading on Wednesday October 3.
The exceptions were tin where prices were down by 0.5% and nickel where prices were little changed. The rest were up between 0.2% for copper at $6,267 per tonne and 0.6% for zinc at $2,674 per tonne.
Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.