LIVE FUTURES REPORT 18/06: Copper slumps 8% through week, on Chinese news, Fed comments

June 19, 2021 / www.metalbulletin.com / Article Link

All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex's recent bullish run.

The decline across the complex to Friday was led by copper's fall on the LME, down by 8.3% on Friday to $9,135 per tonne from Monday's closing price of $9,971.50 per tonne.
Zinc's three-month price was down by 3% on Friday to $2,822.50 per tonne from Thursday, and also showing a 7.3% decline since the start of the week, having closed at $3,044.50 per tonne on Monday.

Nickel's price was stable from its Thursday reading, closing at $17,154 per tonne on Friday, but this...

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