• 14/08/2022 11:53 pm

#SMM #Morning #Comments (Aug 25): #Nonferrous metals mostly strengthened on optimism over coronavirus treatment

SHANGHAI, Aug 25 (SMM) —Nonferrous metals on both LME and SHFE were broadly higher as of 10:03 Beijing time on Tuesday morning as development in coronavirus treatment and vaccines boosted market sentiment.

 

Shanghai base metals rose across the board in overnight trading. Copper added 0.12%, aluminium advanced 0.2%, zinc strengthened 0.33%, lead rose 0.35%, nickel climbed 0.77% and tin inched up 0.01%.

 

Nonferrous metals closed mixed on the LME on Monday. Copper rose 0.42%, aluminium added 0.11%, lead gained 0.94% and nickel increased 0.95%, while zinc weakened 0.02% and tin declined 1.05%.

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