LONDON, Jan 15 (Reuters) – Copper prices came under pressure on Monday as the dollar strengthened and worries about Chinese demand resurfaced after the country’s central bank surprised markets by leaving key interest rates unchanged. Elsewhere, zinc prices on the London Metal Exchange (LME) jumped to $2,615 a metric ton, the highest since Jan. 3 after Nyrstar said it will suspend zinc smelting operations at its Dutch plant in Budel in the second half of January. Benchmark copper was little changed at $8,340 a ton at 1141 GMT from an earlier low of $8,308. “The dollar is a major factor for base (metals). The market was disappointed by lack of action from China’s central bank,” one copper trader said, adding…
Published Date: 2024-01-15
Source: Market Screener
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