Copper prices in London rose on September 15 as consumer price growth slowed in the US, easing pressure on an early policy cut.

On the London Exchange, three-month copper futures rose 0.1% to $9,446.50 a tonne, while the October contract on the Shanghai Exchange fell 0.9 percent to 69,720 yuan (equivalent to CNY 69,720). 10,824.07 USD)/ton.

Core US consumer prices rose in August at the slowest pace in six months, suggesting inflation may have peaked although it may remain high for some time.

Copper prices are often used as a barometer for the global economy, and any US cut could slow the economic recovery.
China’s accelerated production cuts will create a massive shortage of aluminum this year, while worries about supply chain disruptions in Guinea have helped push prices to 13-year highs.
China’s industrial output rose 5.3% in August year-on-year, narrowing from a 6.4% gain in July, while retail sales growth slowed significantly.
Aluminum prices traded on the London exchange rose 0.5% to $2,844/ton, nickel rose 0.3% to $19,690/ton, lead fell 0.9% to $2,252/ton while aluminum prices in Shanghai fell 2.1% to 22,305 yuan/ton.

On the Shanghai futures exchange, nickel prices fell 0.1% to CNY146,980/ton, lead fell 1.8% to CNY14,680/ton, while tin rose 0.3% to CNY254,780/ton. Futures prices of some metals on the Shanghai Exchange (Unit: yuan/ton).