Base metals trade thinly in LME pre-market, awaiting next EU comment

Dec 09, 2011 | 04:59 AM |

Base metals prices eased amid thin trading in Friday’s pre-market on the London Metal Exchange, as traders kept on the sidelines during the EU heads of state summit. Prices softened as the euro slipped to around $1.334 in early trading from around 1.342 at the close on Thursday. Eurozone leaders agreed to a new accord setting out tougher budget rules overnight, but UK prime minister David Cameron vetoed the changes, saying they were not in the UK’s interests. Earlier in the summit, European Central Bank (ECB) president Mario Draghi said that the ECB would not become....

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