Copper's three-month price has shown the biggest fall during June among base metals on the London Metal Exchange, rocked by Chinese announcements and rising inventories, while the prices of other base metals such as aluminium and tin were higher than on June 1.
Copper's price was $9,374.50 per tonne on Wednesday June 30 at the close of trading, falling from $10,245 per tonne on June 1.This statement was followed by action, when the East Asian country's National Food & Strategic Reserves Administration said that it intended to sell copper, aluminium and zinc from the country's reserves into the market in an attempt to quell prices.
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