Trade war talk sparks metals sell-off

IT was a horrific night for global metals and markets as the positive momentum of the past week smashed into reverse, with the wheels falling off lead, nickel, copper, and aluminium.

Lead was the worst performer, losing almost 2.5% to hit US$2116 per tonne, but copper took a major hammering, dipping below $6000/t at one point, and finishing off 1.4% to $6065/t.