Chinese Slowdown Poses Problem For PBC

IBTimes reports that Chinese government may not tighten monetary policy as the economy slows affecting base metal prices.

The market news is quoted as saying,

The copper price has now settled higher on six consecutive trading days. Many observers expect that the demand for copper, tin, zinc, aluminum and lead will increase significantly in the months ahead. The three month copper contract reached a day high of US$9,520 per tonne at the London Metal Exchange (LME) at the beginning of this week, the highest level since late April.

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