The first-tier brokerage firm of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued a daily review of metals trading on December 10th. Copper: Copper prices once again held steady at support, and it is expected that resistance levels will be tested next week. Aluminum: Not provided. Zinc: The zinc price fell below the support at 1130/50 in early trading and slipped to the intraday low of 1110. Stimulated by a small amount of short covering, zinc prices rebounded in the afternoon, but buying was still scarce. Tin: Boosted by technical buying, tin prices rebounded on the same day. Nickel: Nickel prices fell to a low of $12,350 before rebounding to a high of $12,950 and closing back to $12,700. Lead: In the morning, a large amount of bulls settled in the field, and the buying opportunity existed at the first line of 890 US dollars, after which the lead price held steady. It is expected that the market outlook will be consolidating.
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