Beijing : Three-month copper on the London Metal Exchange fell 0.6 percent to $7,181 a tonne as of 0524 GMT, trading lower for a fourth straight session, while Shanghai copper shed 0.9 percent to 53,490 yuan a tonne.
The most-traded August aluminium contract on the Shanghai Futures Exchange was down 1.2 percent at 14,720 yuan ($2,298.96) a tonne by the mid-session interval, having earlier touched 14,570 yuan, its lowest since May 2.
Base metals prices fell on Wednesday, led by Shanghai aluminium, which touched a six-week low, as investors fretted over liquidity in China and awaited news from the U.S. Federal Reserve´s policy meeting.
The Fed is expected to raise interest rates at its meeting. Higher rates usually cause the dollar to strengthen, which would make dollar-denominated metals more expensive for holders of other currencies and could weigh on prices.
This picture released on August 13, 2023, shows WAPDA House in Lahore. — Facebook/WAPDALAHORE: Water and Power...
This image released on April 18, 2024, shows the meeting on Kisan Card at the Sindh Secretariat. — Facebook/Jam...
Pakistan State Oil HQs can be seen in this picture. — PSO websiteKARACHI: Pakistan State Oil and Pakistan Railways ...
This representational image shows gold bars. — UnsplashKARACHI: Gold prices increased by Rs500 per tola on Friday in...
Representational image of a working oil pumpjack. — AFP/FileLONDON: Plentiful supplies of some of the biggest crude...
Prime Minister personally promises to ensure that our bureaucracy does not play tricks with them