Base Metals Closed with Losses amid Less-than-Expected US Employment

From news.metal.com

LME base metals closed mostly with losses as August ADP employment figure was less than expected, increasing by only 132,000, deterring the market from continuing to bet on the long dollar before the release of the non-farm payrolls data on Friday. And the hawkish voices from US Fed officials also weighed on the market sentiment. LME copper shed 0.81%, aluminium lost 0.88%, lead fell 1.49%, and zinc slid 0.26%. SHFE copper shed 1.05%, aluminium lost 0.16%, lead fell 0.27%, and zinc slid 0.02%. Copper: LME copper opened at $7,785/mt yesterday and fell to $7,653.5/mt before rebounding to $7,846.5/mt. At last, the ... (full story)