METALS-Copper gains as top consumer China cuts lending rates [Reuters]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Reuters
METALS-Copper gains as top consumer China cuts lending rates SINGAPORE, April 20 (Reuters) - Copper prices advanced on Monday as China, the world’s biggest consumer of the red metal, announced rate cuts to cushion the economic fallout of the coronavirus pandemic. China cut its benchmark one-year loan prime rate (LPR) by 20 basis points (bps) to 3.85%, while the five-year LPR was cut by 10 bps to 4.65%, in line with market expectations. The most-traded copper contract on the Shanghai Futures Exchange was up 0.3% at 42,310 yuan ($5,976.66) a tonne, as of 0150 GMT, while benchmark three-month copper on the London Metal Exchange (LME) rose 0.1% to $5,213.50 a tonne. China’s economy shrank 6.8% in the first quarter from a year earlier, the first contraction since at least 1992 when the government began publishing quarterly records. * OTHER PRICES: LME aluminium rose 0.4% to $1,513 a tonne, nickel advanced 0.2% to $12,070 a tonne, while zinc fell 0.6% to $1,947 a tonne. In Shanghai, alumini
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- 7/28/23 - Miss
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- 4/19/24 - Form 20-F
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