Most prices on the London Metal Exchange started the week on lower ground than last Friday on Monday August 16, following worse-than-expected Chinese economic data published over the weekend.
Nickel's three-month price, for example, was down to $19,530 per tonne on Monday at 9am, from Friday's closing price of $19,656 per tonne after rising 5.6% from last Monday's $18,620 per tonne.Similarly, copper's three-month price fell to $9,454 per tonne on Monday, from its Friday 5pm closing price of $9,570 per tonne. "The markets have lost ground so far on Monday August 16, after disappointing economic data from China served as a reminder of the threat posed by the Delta variant of the...