Base metals prices in the London Metal Exchange were higher across the board in the morning of Thursday June 8, supported by better Chinese data.
China’s exports of unwrought aluminium and aluminium products rose 7% month-on-month in May, according to preliminary Chinese customs data released today.
Exports in May were 9.5% higher than the 420,000 tonnes shipped in the same month of 2016. The-three month copper price was boosted yesterday by news that mining at operations in northern Chile were affected by unusually heavy rain and snowfall over the past two days.
Tin continues to struggle around the $19,300 per tonne barrier as stocks rose for the first time since the start of June, up 115 tonnes. Copper edges much higher on supply disruptions.
