Tag: Global base metal market
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LME base metals prices move southward; stocks witness varied trends
Base metals prices on LME saw downtrend as of the last closing day. Meanwhile, stocks witnessed mixed trends with copper recording the largest gain by 2%. Euro zone business growth slowed sharply, manufacturing worsened, services weakened, despite recent ECB rate cuts and easing inflationary pressures. Yuan depreciation and outflows to Hong Kong reflect Chinese investors…