LIVE FUTURES 03/08: Declines across board show zinc down 2%, copper down1.6%

Zinc's three-month price fell to $2,969.50 per tonne at the close of trading on the London Metal Exchange on Tuesday August 3, with the entire base-metals complex turning lower during the day and with Covid-19-related concerns returning to prominence.

Zinc's benchmark futures contract fell from Monday's $3,050.50 per tonne closing price, which was the highest since June 14.
The galvanizing metal faltered at the start of the day after Shanghai Futures Exchange prices and domestic hot-rolled coil prices in China turned downward. This followed statements regarding carbon emissions reductions from a meeting last Friday of the Politburo of China's Communist Party, which created confusion in the markets.

Despite the drop on Tuesday, zinc has been trading at its highest levels since...

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