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Find all the economic and financial information on our Orishas Direct application to download on Play StorePrices on the copper market are falling. Copper fell after two days of strong increases, due to concerns about the possibility of a halt in interest rate hikes and the absence of stimulus measures in China, the main consumer of
metals.Benchmark copper on the London Metal Exchange slipped 0.5% to $8,652.50 per metric ton after touching a new three-fold high of $8,719.50. Prices have soared over the past two sessions after weaker-than-expected U.S. inflation data on Wednesday, sending global financial markets soaring in hopes that the Federal Reserve will soon stop raising interest rates
.In other metals, LME aluminum rose 0.2% to $2,282 per metric ton and was on track to gain 6.2% on a weekly basis, its strongest week since January 13. Nickel LME rose 1.4% to $21,585 and tin rose 0.1% to $28,845, while zinc fell 1.6% to $2,439.50 and lead fell 0.2% to $2,122.50
.
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