Base metals prices ease in thin LME pre-market as EU leaders converge

Dec 08, 2011 | 05:35 AM |

Base metals trading was subdued in Thursday’s pre-market session on the London Metal Exchange ahead of the two-day EU heads of state summit that starts on Thursday. Markets around the world are waiting for the outcome of the summit. Trading in Asia was similarly restrained. “Trading is very thin as people are waiting to see what comes out of the EU meeting,” a Shanghai-based trader said. Three-month copper opened the day at $7,833.25 per tonne, compared with its official price on Wednesday of $7,835/35.5.....

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