LME base metals up as US rate hike aligns with expectations

Base metal prices on the London Metal Exchange were up during morning trading on Thursday March 23 following the announcement on Wednesday evening that the United States Federal Reserve is to increase interest rates by 25 basis points, in line with market expectations.

Three-month futures prices at 9:03am, compared with the previous day’s 5pm close were as follows:
• Copper: $8,947.50 per tonne, up by 0.7%

• Aluminium: $2,307...


Imogen Dudman

March 23, 2023

10:40 GMT