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Metals: fall in copper prices

17/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After weak industrial data in China, the main consumer of metals, copper prices fell on Tuesday.

Three-month copper on the London Metal Exchange (LME) fell 1.7% to $9,415.50 per ton at 14:25 GMT. A solid copper rally fuelled a nearly 20% rise in LME prices in the two months leading up to Monday, when they reached $9,640.50 per ton, the highest since

June 2022.

LME aluminum fell by 0.7% to $2,536 per ton from the 22-month high reached on Monday after the United States and Great Britain banned the London Metal Exchange and the CME from accepting new Russian metal production. Nickel in LME, which had also rebounded due to sanctions, lost 1.1% to $17,655 per ton, zinc fell by 1.6% to $2,730.50, lead fell slightly by 0.3% to $2,179.50 and tin fell by 1.2% to $31,855

.
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