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Base Metals Fell across the board under Government Curb on Coal Prices

From news.metal.com

Shanghai base metals all trended downward after opening on Thursday morning amid risk aversion sentiments and China’s curb on the coal prices. Meanwhile, their counterparts on LME all went down. LME metals all fell in the trading on Wednesday. Copper dropped 1.93%, aluminium fell 5.88%, lead lost 1.99%, and zinc decreased 1.47%. SHFE metals dropped across the board in the overnight trading on Wednesday. Copper fell 1.65%, aluminium decreased 3.33%, lead dropped 2.16%, and zinc lost 1%. Copper: Three-month LME copper opened at $9,600/mt on Wednesday night and closed 1.93% lower at $9,573/mt after hitting the lowest ... (full story)

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  • Category: Fundamental Analysis