December 4, 2022

Base metals slip as China’s COVID curbs spark demand

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Industrial metallic costs slipped on Monday as contemporary COVID-19 curbs in prime client China clouded the demand outlook, whereas a stronger greenback added to the downbeat temper.

Three-month copper on the London Steel Change was down 0.7% at $8,019.50 a tonne, as of 0713 GMT, after hitting its lowest since Nov. 8 earlier within the session.

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Probably the most-traded December copper contract on the Shanghai Futures Change ended daytime buying and selling down 1.3% to 65,030 yuan…

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