The following is a daily review of metals trading published on October 18 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Copper: The new technology buying boosted the copper price to a high of 3,987 US dollars. Speculative profit taking helped to suppress copper prices.
Aluminium: Under pressure due to overbought, the market rebounded to a position of US$92.
Lead: Today's performance was stable due to fund buying and a solid interval.
Zinc: Today's performance is quiet and it is still in the finishing stage.
Tin: Maintain a concussion and continue to sell short.
Nickel: Nickel prices rebounded today, and the current price rebound is an opportunity to sell short.
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