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Good morning from Metal Bulletin’s office in Shanghai as we bring you the latest news and pricing stories on Wednesday December 13.
Base metals prices on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Wednesday December 13, with only tin prices bucking the uptrend. However, gains across the rest of complex were limited with investors taking a cautious stance ahead of the conclusion of the US Federal Open Market Committee’s (FOMC) two-day meeting later today.
Base metals prices, bar those for tin, on the Shanghai Futures Exchange were higher during Asian morning trading on Tuesday December 12, with strong credit growth in China helping to ease market concerns about a slowdown in the world’s second-largest economy.
The latest news and price moves to start the Asian day on Tuesday December 12.
In the bullish frenzy spurred by the hype surrounding electric vehicles (EVs) in the days following LME Week, one key metal was seemingly, and surprisingly, unaffected by the trend: copper.
Base metals prices on the London Metal Exchange are for the most part weaker this morning, Monday December 11, with prices down by an average of 0.3% – led by a 0.8% drop in nickel prices while copper prices are down by 0.4% at $6,554 per tonne. Volume has been average with 8,070 lots traded as of 06.47 am London time.
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