close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
REUTERS
September 16, 2018
Advertisement

Copper falls

Business

REUTERS
September 16, 2018

Share

London : Copper prices fell on Friday as data in China pointing to a cooling economy and a worsening trade dispute between Washington and Beijing raised concerns that Chinese demand for metals would fall more than expected.

Benchmark copper on the London Metal Exchange (LME) ended down 1 percent at $5,973 a tonne.

After closing prices were set in the LME´s open outcry ring, a Bloomberg report said Trump had asked aides to proceed with tariffs on $200 billion more in Chinese goods.

The report pushed industrial metals prices lower, with copper down 1.9 percent in electronic trading and slightly down on the week.

Worries that the US-China trade dispute will damage growth in China, the world´s largest metals consumer, have helped push the metal used in power and construction down some 20 percent from a June high.

Advertisement

Comments

Advertisement

Topstory minus plus

Opinion minus plus

Newspost minus plus

Editorial minus plus

National minus plus

World minus plus

Sports minus plus

Business minus plus

Karachi minus plus

Lahore minus plus

Islamabad minus plus

Peshawar minus plus