November 15 AMT Review LME Base Metals

The following is a daily review of metals trading published on November 15 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).

Copper: The period of copper reappears to fluctuate, but the overall trend is still upward. It is expected that the market outlook will continue to rise.

Aluminium: Aluminium markets are selling aggressively in mid- afternoon. If long liquidation is reduced, the 1975/80 USD/tonne support level should not be broken.

Lead: Lead increased again, but the upward pressure was heavy. The drop in the current day's closing price indicates that the outlook for the lead market will tend to decline.

Zinc: Along with the rise in copper, zinc also rose on the 15th and hit a record high of $1618/tonne. It is expected that zinc prices will increase after the support period.

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