Author: Drishya Yadav

Base metals edge up after US Fed hikes interest rates by 75 bps

Jul 28, 2022

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by

Drishya Yadav

in Non Ferrous

Base metals futures at London Metal Exchange (LME) and Shangai futures market (SHFE) recovered by up to 1.34% against the previous closing, as per data maintained by SteelMint. Prices moved up owing to positive cues from Asian and the US markets as the US Federal Reserve raised interest rates by 75 basis points (0.75%) in…