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Precious metals: copper prices fall

21/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Although the London contract was about to make its first weekly gain in five, copper futures fell on Friday due to a stronger dollar.

Three-month copper on the London Metal Exchange was down 0.5% to $9,811.50 per metric ton, at 03:49 GMT. The contract gained 0.8% on a weekly basis and was on track for a fourth consecutive weekly loss.

LME aluminum remained almost stable at $2,522.50 per ton, nickel fell by 0.3% to $13,730, zinc fell by 0.3% to $2,865, zinc fell by 0.3% to $2,865, lead fell by 0.5% to $2,205 per ton, and tin remained stable at $33,086.

SHFE aluminum fell by 0.2% to 20,505 yuan per ton, nickel fell by 0.2% to 134,900 yuan, lead fell by 1.5% to 18,760 yuan, lead fell by 1.5% to 18,760 yuan while zinc rose by 0.2% to 23,860 yuan per ton, and tin jumped 0.9% to 273,490 yuan.

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