Tuesday, 15 June 2021
FROM WWW.REUTERS.COM NEWS
HANOI, June 15 (Reuters) - Copper prices dropped on Tuesday to their lowest since April 26, weighed down by investor fears over measures Chinese authorities could take to curb a recent price rally in commodities.
Three-month copper on the London Metal Exchange fell as much as 2.9% to $9,680 a tonne, while the most-traded July copper contract on the Shanghai Futures Exchange hit its lowest since April 23 at 69,500 yuan ($10,852.08) a tonne.
China’s state planner last week renewed its pledge to step up monitoring of commodity prices, as domestic producer inflation hit its highest in more than 12 years.
FULL WWW.REUTERS.COM NEWS LINK BELOW
OUR VIEW ON IMPACT OF POTENTIAL FEARS OF CHINESE CRACKDOWN ON BASE METAL
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