| Base metals continued to react to news from China on Monday, with the majority of the complex drifting to the lower end of their ranges. “Slowing Chinese growth and demand prospects continue to weigh on industrial commodities with prices eating into cost curves for some raising potential to production cutbacks should prices sustain downwards path,” a trader said.
Production numbers out of China have added to downward; data released over the weekend showed that Chinese production of aluminium, copper and nickel rose in July, which will do little to improve sentiment. Aluminium increased 14.1 percent year-on-year to 2.72 million tonnes in July. This took year-to-date output to 18.33 million tonnes, up 12 percent year-on-year...............................................Full Article: Source
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