The copper fell at the same time as the US Fed stimulates US $



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Copper, aluminum and nickel prices fell, driven by a stronger US dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China. more consumed.

The 0.7% drop to $ 6,152 per tonne on Tuesday, near its lowest level of $ 6,081 on July 11 and 16% since the beginning of June.

Nickel and aluminum were at Since 1965, the price of gasoline has dropped despite good fundamentals of supply and demand, said Robin Bhar, an analyst at Société General

. "

" It is not clear whether we hit a low or there is still 10 percent down. "

The stronger US dollar has put pressure on metals by making them more expensive for users of other currencies." Comments by Federal Reserve Chairman Jerome Powell on Tuesday The US central bank has announced that the bank US central would continue its policy of rising interest rates, which should revive the US dollar.

US data also show a strong rebound in the manufacturing sector and gains in mining production boosting industrial production. , after the Chinese second quarter growth figures, the country 's public planning agency has indicated that the economic growth target for the year 2018 was still about 6.5 l,,,,,,,,,,,,,,,,

China is the world's largest consumer Monday's data also show the weakest expansion of industrial activity in June.

China has said on Monday that she had filed a complaint with the World Trade Organization about Washington's proposed tariff schedule for $ 200 billion.

Guaranteed copper stocks available on the market in warehouses registered with the LME increased from 4 175 tonnes to 225 975 tonnes, the highest level of the month. [19659003] The copper value discount on the three-month contract rose from zero in early July to US $ 36, indicating greater metal availability.

LME aluminum finished down 1.1% at Nickel finished down 1.3% at US $ 13,490 a tonne after reaching its lowest level since April 12 at $ . Zinc finished up 1.5% to US $ 2,512 per ton, recovering some of its losses on Monday, while lead closed down 0.4% to US $ 2,166 per tonne and Tin was offered at $. US $ 19,500 per tonne.

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