Melbourne/Sydney
London Metal Exchange (LME) three-month copper was mostly flat at $6,688 a tonne following a 3 percent fall on Friday. Shanghai copper was off more than 2 percent.
Nickel led an across-the-board decline in Chinese base metals futures on Monday, pressured by last week´s selloff in London contracts amid profit taking and a flat outlook for China´s coppe demand.
London nickel and copper were also lower, extending Friday´s hefty losses. “We´re seeing some immediate follow-through selling, some on profit taking, from late last week,” a commodities trader in Sydney said.
London nickel hit its highest in more than two years last week, boosted by Philippines President Rodrigo Duterte´s anti-mining stance that was raising concerns over supply, and new demand for the metal to make electric vehicle batteries.
This initiative enables them to earn a dignified livelihood for their families
The event will host more than 700 booths, including leading global and Pakistani tech giants
Gold rates increased by $8 to all-time high rates of $2,371 per ounce in the international market
Strong retail sales prompted economists at Goldman Sachs to boost their gross domestic product
The IMF dictates its terms based on our past performance
Goldman's profit rose 28 percent to $4.13 billion, or $11.58 per share, in the first quarter
