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Base metals settle after volatile week

Base metals posted marginal price gains on Friday morning after a topsy turvy week, lifting the share prices of UK listed miners.
Base metals settle after volatile week Base metals settle after volatile week Base metals settle after volatile week Base metals settle after volatile week Base metals settle after volatile week

Staff reporter

LME copper was up 0.58% to US$9,377/t by mid-morning UK time on Friday, with nickel up 1.51% to US$18,610. Shares in BHP were up 1.61%, with Rio Tinto up 1.98% and Anglo American the biggest winner at 2.16%.

The slight uptick came after US equities finished down on Thursday, with the S&P 500 and Nasdaq moving lower after hitting yet more all-time highs on Wednesday.

Headlines in the US were dominated by the Delta variant, which has become the dominant strain in the country, accounting for more than 50% of new cases.

Gold was down slightly from Thursday at US$1,805/oz, with related equities falling in the US and then in Australia overnight.