Tag: base metals market
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Base metals prices mostly down, Fed anticipates further rate hikes ahead
Base metals futures on the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE) moved down by up to 2.13% on 18 August. However, SHFE copper rose by 1%. Fed indicates need of further rate hikes Also, the dollar rose sharply as Federal Reserve officials spoke of the need for further rate hikes. The USA…