Base metals price on the London Metal Exchange were lower during morning trading on Monday June 15, pressured lower by weaker-than-expected industrial data out of China, while a fresh inflow of 16,175 tonnes was an added headwind for copper futures prices.
Weighing on prices across the complex was economic data out of China released this morning , which showed industrial production year on year for the May-June period improved by 4.4%, missing an expected 5%. China's fixed asset investment over a year-to-date period compared to the same period last year fell by 6.3%, worse than the expected dip of 6%. The country's unemployment rate was in line with expectations at 5.9%. For LME copper, the outright price was recently at $5,704 per...