The following is the first base metal review published on December 1 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Bronze: Trading was light on the day, and the volatility of copper prices was still limited to 5-10 US dollars. As more fund buying appeared, the market was still waiting to see whether it was buying that pushed copper prices higher or copper prices revised again. Aluminium: Aluminum prices closed at the support level on that day and it is expected that the market will continue to test support. Zinc: Fund buying interest can be seen throughout the day, closing at nearly $1,180/ton, with selling showing up, and the outlook is expected to rise. Lead: Despite the fund's buying support, lead prices showed a modest trend that day, and the key resistance is still at US$1,000/tonne. Tin: The tin price was flat on that day, but it is expected that there will still be a slight rebound in the market outlook. Nickel: The nickel price on the current day was flat and rose slightly in early trading, and then returned to the range of USD/ton. Source: China International Futures Brokerage Co., Ltd.
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