The first-tier brokerage firm of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued its daily base metal review on November 18. Copper: Copper prices continued to show strong resistance at the same day, and it is recommended that the market continue to buy on dips. Aluminium: The aluminum price rose slightly on the day, driven by the rise in copper prices. It is expected that the market outlook will still maintain a range fluctuation. Zinc: On the same day, zinc prices rose to 1,170 U.S. dollars per ton, driven by technical buying, and were subsequently profit-taking. Lead: Lead prices rose sharply in the morning to hit a record high of $995/ton, but resistance at $1,000/ton may be under pressure. Tin: The price of tin was not affected by other base metals to maintain narrow fluctuations on that day. Nickel: Nickel prices performed poorly on that day and closed at $14,100/tonne. It is expected that the market will continue to face selling pressure.
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