business

Buyer closes the week with losses after receiving "bad news" from China

Buyer closes the week with losses after receiving "bad news" from China

With a fall of 0.74%, copper was closed on Friday at the London Metal Exchange (LME), trading at US $ 2,6997 per pound, compared to US $ 2,71747 on Thursday and the US $ 2,67211 on Wednesday.

The red metal slows down the three successive increases recorded this week after the publication of data on the economy of the main buyer of the national raw material. China's economic momentum weakened again in August and tested the authorities' nerves as they prepared for a possible new round of trade talks with their American counterparts.

The impact of commercial tensions remains the most important factor in the price of copper, which despite the above increased the average for the month to US $ 2.67461, while the following year fell to US $ 3.02536. The future three-month rate on his part ended at US $ 2.70568 per pound, with a negative variation of 0.81% compared to Thursday (US $ 2.72791).

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