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Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming.
The world’s largest metals stockpile is becoming more difficult to finance. That is a problem for those who trade it, and for metal markets in general.
US hot-rolled coil prices remained above $630 per short ton on tight supply and long lead times, but sentiment from buyers was mixed as sources weighed buying material now or waiting for lower prices.
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed.
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