LIVE FUTURES 20/09: Copper down 3% after Evergrande concerns affect global markets

September 21, 2021 / www.metalbulletin.com / Article Link

Base metal futures all closed in the red on Monday after fears over China's property building sector prompted a selloff in global financial markets.

At the 5pm close on Monday, London Metal Exchange three-month copper futures were at $9,033 per tonne, down by $279 - or 3% - against Friday's end of market levels. Aluminium dropped the least of the complex, down by 0.77% at $2,863 per tonne.
China's second largest property developer, Evergrande Real Estate Group, faces two major interest repayments in the week ending September 24 including a $83.5 million payment related to a March 2022 bond due on Thursday, with bond markets pricing in the possibility of default.

On September 20, China's...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok