The following is a daily review of base metals published on August 22 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The price rebounded and trading was not active. It is expected to explore the resistance level of 3,675 U.S. dollars per ton. Aluminium: The strong copper prices boosted the trend of the day. August 23 will rise further. Lead: Lead price is stable on the spot, boosted by strong metal prices. Hedge funds will continue to do more. Zinc: It performs well. The future will buy on dips. Nickel: It was boosted by the broader market and it was stronger than other metals on the day. Short-coverage incentives rose in the near 10 days. Tin: Speculative buying stimulated prices to rise steadily, but if they continue to attack, they may encounter resistance. It is not recommended to do more at the current price.
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