Home / News / Non-ferrous metallurgy / China-US trade war devalues ​​metals

China-US trade war devalues ​​metals

Non-ferrous metallurgy / Business and Finance

Trade talks between the United States and China at deputy level are set to begin Thursday in Washington, according to a statement from the US trade mission, which will pave the way for high-level talks in October aimed at resolving a fierce trade war.

China-US trade war devalues ​​metals

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%.

Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс