November 23 AMT Review of LME Base Metals

The following is a daily review of metals trading published on November 23 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).

Copper: copper futures tested at near support at 4015/25 USD/ton, and was boosted by speculative short covering during midday. Copper futures are expected to continue trading in the future.

Aluminum: Aluminium has performed strongly again. Following the test of the 2010 USD/ton low point in the morning, aluminum began to rebound and was tested at a high of US$2065/tonne.

Lead: Lead fell along with copper, but good trading buying curbed the downside of lead. Lead prices closed near unchanged on the day.

Zinc: Not provided.

Tin: It was an extremely boring day. It is expected that the market outlook will improve.

Nickel: Not available.

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