Copper prices traded on August 20 fell to their lowest in more than four months as a massive Chinese sell-off curbed growth.

Copper prices traded on the London Metal Exchange fell 1.6% to $8,901 a tonne after touching $8,740 a tonne earlier, the lowest since April 1.
According to the minutes of the Federal Reserve’s July meeting, officials are largely expected to reduce their monthly bond purchases by the end of the year.
This has boosted the US currency, which as it appreciates will make USD-denominated goods more expensive for holders of other currencies, which could reduce demand.
The spike in Covid-19 cases around the world caused by the Delta variant has raised concerns about growth and demand.
Lead price in 3 months decreased 1.3% to 2,259 USD/ton.
Welded metal prices fell 7.1% at $32,855/ton. Low liquidity makes tin prices extremely volatile during times of stress.

Other metal prices also changed, aluminum price fell 0.5% to $ 2,543, zinc price decreased 1.2% to $ 2,949 and nickel price decreased 2.8% to $ 18,360 / ton.

Source: VITIC/Reuters

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