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Base Metals Rise as China Acts To Ease Concerns

Base Metals Rise as China Acts To Ease Concerns

London Metal Exchange metals rise after Beijing acts to soothe growth concerns. China will maintain steady growth in the year’s second half despite “highly complicated” conditions, its leaders said Tuesday, in an apparent attempt to address concerns about the uncertain economic outlook. The statement cited difficulties both at home and abroad and said key indicators weren’t far off official targets. “After the fall yesterday, the China news help the metals recover some losses,” says Newedge Director of Asian commodities trading Richard Fu. the market focus now turns to U.S. growth data and policy statement due later in the day. LME 3-month copper +1.2% at $6,816 a ton.

For full article: http://www.metalprices.com/news/article/DN/20130731005093/dj-market-talk-base-metals-rise-as-china-acts-to-ease-concerns



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