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Metals: Copper tops most base metals on Monday

23/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Due to a weaker dollar and moderate inflation data in the United States that point to a potential relaxation of Federal Reserve policy next year, most base metals rose on Monday, with copper in the lead. and.

The three-month copper price on the London Metal Exchange (LME) augment is de 0,3% 8 963 dollars la tonne m trique at 07:05 GMT, recovering from Thursday's five-week low. The most traded January copper contract on the Shanghai Futures Exchange (SHFE) gained 0.6 percent to 74,170 yuan ($10,161.81) per ton at the close of the afternoon trading session in Asia. According to one trader, “synchronized price movements in the base metals sector now indicate that macroeconomic factors are now under control

.”

LME aluminum fell 0.1% to $2,532.5 per ton, nickel rose 0.6% to $15,455, zinc rose 0.9% to $2,998, tin added 1.3% to $29,060, and lead gained 1.1% to $2,002.

SHFE aluminum fell 0.1% to 19,915 yuan per ton, nickel rose 2.1% to 124,960 yuan, zinc rose 0.3% to 25,025 yuan, zinc rose 0.3% to 25,025 yuan, lead rose 1.1% to 25,025 yuan, lead rose 1.1% to 17,540 yuan per ton, and tin strengthened 1.6% to 245,290 yuan.

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