WEEK IN REVIEW: Leading up to LME Week


All roads lead to London as the LME Week hits the town next week, with a daily diary of events and meetings including the Argus Metals Forum that will bring the latest overview of metal market trends.

Talks between producers, traders and consumers will set the tone for contract and spot markets in months to come. Speculative interest has pushed prices in some minor metal markets, including cobalt and antimony, higher, but the volume of spot deals was more subdued in Europe in the run up to LME Week.

Capital and currency markets also held out for the release of third-quarter US economic data, which came on Friday, beating growth forecasts and fuelling expectation of an interest rate rise by the US Federal Reserve. According to the Bureau of Economic Data, US GDP grew by 2.9pc in the …
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Source: Metal Pages