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Metals: copper prices fall in London

15/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Due to the strengthening dollar, London copper prices fell on Monday as investors waited for economic data from the biggest metal consumer, China, for more clues about global demand.

Three-month copper on the London Metal Exchange was down 0.3% to $9,851.50 per metric ton, at 01:41 GMT, after a weekly drop due to high inventories and low demand in China. The most traded copper contract in August on the Shanghai Futures Exchange gained 0.8% to 79,870 yuan ($10,997.14

) per ton.

LME aluminum lost 0.1% to $2,479 per ton, nickel added 0.2% to $16,895, zinc fell 0.1% to $2,941, zinc fell 0.1% to $2,941, tin fell 0.6% to $2,941, tin fell 0.6% to $33,500, and lead fell 0.1% to $2,208. SHFE aluminum remained stable at 20,060 yuan per ton, lead rose 0.6% to 19,650 yuan, nickel rose 0.8% to 134,760 yuan. Zinc remained unchanged at 24,305 yuan and tin fell 1.2 percent to 274,800

yuan.
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