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LME base metals all fall on fears that trade war will be a drag on global economic growth

iconMay 29, 2019 11:12
Source:SMM
Most of the London Metal Exchange's (LME) and previous base metal futures fell on Wednesday as investors worried about the outlook for global economic growth as the US-China trade war showed no sign of easing. LME copper for three months fell 0.33 per cent to $5940.50 a tonne, while Shanghai Copper's main 1907 contract fell 0.70 per cent to $46900 a tonne.

SMM News: according to foreign news on May 29, the London Metal Exchange (LME) and the last issue of basic metal futures fell on Wednesday, as the US-China trade war shows no signs of easing, investors are worried about the prospect of global economic growth.

LME copper for three months fell 0.33 per cent to $5940.50 a tonne, while Shanghai Copper's main 1907 contract fell 0.70 per cent to $46900 a tonne.

LME three-month aluminium fell 0.42 per cent, nickel 0.07 per cent, zinc 0.74 per cent, lead 1.15 per cent and tin 0.72 per cent.

Shanghai aluminium fell 0.49 per cent and shanghai nickel fell 2.2 per cent after several days of gains driven by short covering.

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