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The metal spot price was down 0.5% on weekdays.
World markets are again in transition at the pace of risk aversion, with a new wave of sales for badets considered riskier. And in this context, the price of copper has again been affected.
Today, on the London Metal Exchange, the country 's leading export product has fallen 0.82% to 2.77937 USD per pound. . With that, he has accumulated a contraction of 0.5% in the week.
At the same time, commodity futures on the Commodities Exchange suffered their own losses. All maturities lost about 1%, with contracts reaching close to US $ 2.70 per pound in December.
The key lies in a global environment that complicates badet clbades considered riskier – such as emerging currencies, commodities, and stock markets – with a new fear of the effects of trade warfare after the end of the year. A series of corporate reports have disappointed Wall Street.
Copper was particularly sensitive to the news of the conflict. between the United States and China, the latter being the largest consumer of metals in the world.
Of course, the market points out that volatility shocks have separated the price of red metal from its fundamentals, which continue to bode out for higher prices
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