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LME Metals shrug off Chinese stimulus moves

Posted on 04 April 2014

Base metals on the London Metal Exchange barely reacted Thursday to the latest economic stimulus from China. Some disappointing economic figures from the large consumer nation have weighed on metals prices in recent weeks as investor concerns deepened about subdued demand. China is responsible for around 40% of global copper consumption.
“The main development overnight has been the announcement in China of $24 billion worth of stimulus to the railway system in less-developed regions, but this does not seem to have boosted metals,” noted FastMarkets head of research Will Adams………………………………Full Article: Source


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