| Copper reached a two-week high on Monday, February 22, 2016, after receiving a boost from global equities gains and the oil. However, it was unable to carry the same positive momentum to Tuesday. On Tuesday, February 23, LME 3M copper declined by 1.04% and 0.47%, respectively, in the London Metal Exchange (or LME) and COMEX.
On February 23, the decline of Chinese equities, along with the central bank fixing a softer midpoint, raised concerns about the Chinese economy and demand growth of metals. The People’s Bank of China set the midpoint rate of the yuan at 6.5273 per dollar prior to the Market’s open. This is 0.17% below the previous fix...............................................Full Article: Source
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