SMM Morning Comments (Sep 23): Shanghai base metals fell broadly on coronavirus concerns


Source: metal.com metal.com

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Nonferrous metals on both SHFE and LME were mostly lower on Wednesday morning, as surging coronavirus cases prompted countries to impose fresh restrictions on public life. SHANGHAI, Sep 23 (SMM) — Nonferrous metals on both SHFE and LME were mostly lower on Wednesday morning, as surging coronavirus cases that prompted countries to impose fresh restrictions on public life stoked worries among investors. Shanghai base metals closed mixed in overnight trading. Copper edged up 0.02%, lead rose 0.73% and tin advanced 1.42%, while zinc fell 0.31%, nickel slid 0.26% and aluminium closed flat. The LME complex also settled mixed on Tuesday....