Base metals up in LME officials as euro edges higher

Dec 09, 2011 | 08:24 AM |

Base metals settled above their opening prices in Friday’s official session on the London Metal Exchange as the market reacted positively to the most recent news to come out of the EU summit in Brussels. The euro edged upwards after eurozone leaders agreed to €200 billion ($268 billion) in funding for the IMF and stricter budget controls. German chancellor Angela Merkel spoke of moving towards a “fiscal union”, under which new rules would be introduced through intergovernmental agreements rather than treaty changes, but....

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