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Find all the economic and financial information on our Orishas Direct application to download on Play StoreWhile the main consumer of metals, China strengthened political support for its faltering economic recovery, the price of copper strengthened in Asian trade on Friday.
Industrial production increased by 4.5% in August compared to the previous year, accelerating from 3.7% in July. At 01:25 GMT, three-month copper on the London Metal Exchange was up 0.4% to $8,453.50 per metric ton. The most traded October copper contract on the Shanghai Futures Exchange added 0.6% to 69,660 yuan per metric ton
.As for other precious metals, aluminum fell 0.2% to $2,220 per ton at LME, tin plunged 0.4% to $25,800, zinc lost 0.4% to $2,560, lead increased slightly by 0.1% to $2,247, while nickel lost 0.3% to 20,285 dollars. In Shanghai, aluminum increased by 0.4% to 19,310 yuan per ton, zinc increased by 0.6% to 21,945 yuan, lead increased by 0.8% to 17,005 yuan, nickel increased by 1% to 162,460 yuan, while tin increased by 1% to 218,950
yuan.
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