Industrial metals fell on the world's leading bourses on Tuesday after their largest consumer, China, released a slew of weak economic data that sparked concerns about demand from the world's second largest economy.
Three-month copper on the London Metal Exchange (LME) dropped 0.3% to $ 5,851 a tonne, while the best-selling copper contract on the Shanghai Futures Exchange (ShFE) fell 0.7% to 47.340 yuan (approximately US $ 6,690.13) per ton.
Industrial production in China grew at its weakest pace in seventeen and a half years last month, and investment in fixed assets rose slightly lower-than-expected in January-August, government data showed Monday.
Nickel in London (LME) fell 2.1%, zinc - 0.9%, lead - 0.3%, and tin - 0.9%. In Shanghai, aluminum lost 0.9% in price, nickel - 3%, zinc - 1.1%, and lead - 2.3%.
