| Lead prices dropped to a 28-month low on concern that demand will ebb in China, the world’s largest consumer, while some industrial metals fell on concern that the Federal Reserve is moving closer to boosting interest rates.
Yesterday, a Chinese manufacturing gauge in December fell to a seven-month low, a report showed. The Fed ends a two-day meeting today. Sixty-eight percent of economists surveyed by Bloomberg News said policy makers will drop a pledge to keep rates near zero percent for a “considerable time.” Nickel and tin prices dropped in London...........................................Full Article: Source |