Base metals on the Shanghai Futures Exchange mostly traded higher during morning trading on Friday August 30 following improved sentiment attributed to positive comments from the Chinese Commerce Ministry late on Thursday amid China’s trade war with the United States.
“China has ample means for retaliation, but thinks the question that should be discussed now is about removing the new tariffs to prevent an escalation of the trade war,” Gao Feng, a spokesman for the ministry, told reporters in Beijing on Thursday.
Nickel remained the shine of the base metals complex on Friday morning. The most-liquid November contract was at…
