Base metal prices steady in LME pre-market, inventory shifts continue

May 01, 2012 | 05:28 AM |

Base metal prices inched lower in a thinly traded pre-market session on the London Metal Exchange on Tuesday May 1, while shifts in metal inventories and forward spreads continued to attract attention. Three-month copper prices were $8,401.50 per tonne at 10:30 BST, down moderately from an opening price of $8,420 per tonne and near the mid-point of its intraday trading range. With prices trading sideways, the market’s attention was focused on stock movements and....

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