Sun, Dec 5, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Commodities Exchanges, Metals and Minerals more

LME base metals hit multi-year lows

Posted on 19 November 2015

Base metals have hit multi-year lows as fears persisted over waning demand in top metals user China and investors awaited the minutes of a US Federal Reserve policy meeting, which could reinforce rate rise expectations.
THE US dollar was just off seven-month highs against a basket of currencies, weighing on metals by making dollar-priced commodities costlier for European and other non-US investors. London Metal Exchange zinc hit a fresh six-year trough of $US1,510.50 a tonne, and ended down 2.0 per cent at $US1,517………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2021
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031