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Metals: fall in copper prices

22/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Penalized by concerns about demand and the absence of new stimulus measures in China, the largest consumer country, copper prices fell on Monday to their lowest level in more than three months.

Copper at three months on the London Metal Exchange fell by 0.4% to 9,273.50 dollars per metric ton at 06:18 GMT. The contract hit a low of $9,264.50 earlier in the session, the lowest since April 8. The most traded September copper contract on the Shanghai Futures Exchange fell 1.3% to 75,920 yuan ($10,438.61) per ton, after also reaching the lowest level since

April 8

LME aluminum fell by 0.5% to $2,340 per ton, lead fell by 0.4% to $2,119, zinc rose by 0.2% to $2,786.50, zinc rose 0.2% to $2,786.50, tin lost 1% to $2,786.50, tin lost 1% to $30,740 per ton, and nickel remained almost stable at $16,250. SHFE aluminum fell by 0.6% to 19,490 yuan per ton, nickel fell by 1.5% to 128,870 yuan, lead fell by 1.2% to 19,220 yuan, tin lost 2.9% to 254,130 yuan, and zinc fell by 0.1% to 23,450 yuan

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