London Metal Exchange base metal prices are broadly higher on Thursday December 13 due to good signals from China-US trade tensions, with the three-month zinc price leading the complex due to historic low inventories.
It was another firmer start for the three-month base metals prices on the London Metal Exchange this morning, Thursday December 13, with all the metals in positive territory and showing average gains of 0.6%.
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Thursday December 13, with easier trade tensions between China and the United States failing to provide significant upward momentum to the complex.
Mining investments are rising in Peru, with projects slated for the next decade amounting to $59.3 billion in the latest data collection by the local government in November, up from the $58.51-billion tally in March.
The tin premium in Europe continued its ascent on Tuesday December 11 on mounting concern for the availability of supply from Indonesia, while weak demand is keeping premiums in the United States and China flat.