Metals Report: All Square at Close of Play

Summary


Honours were just about even by the close of business on the London Metal Exchange last week with three gainers, four losers and one unchanged price.

Trading had been mainly technically driven with few fresh fundamental factors coming into play. US housing start figures were good, showing an 8.3 per cent increase for July but this did not stop copper from losing $92 per tonne over the week.

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Extract


Metals Report: All Square at Close of Play

While both nickel and tin stock figures might be said to have disappointed with gains for both metals, the change that attracted most attention was the 30,...

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