Tag: Chinese industrial demand
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LME base metals prices head south amid uncertain economic indicators
Base metals prices on the London Metal Exchange (LME) witnessed downtrend with copper witnessing the largest decrease of 2.58%. Similarly, metal stocks at LME-registered warehouses showed a mixed trend with the highest inflow seen in copper which rose by 2.86%. Copper prices fell amid concerns over Chinese industrial demand. President Xi Jinping’s post-Plenum remarks hinted…