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Copper prices on the London Metal Exchange rose slightly on Thursday November 27 on belief that China’s latest rate cut may signal further easing ahead.
Good morning from London. We picked out a few key stories and price moves from the metal markets to set you up for Thursday November 27.
Copper prices on the Shanghai Futures Exchange (SHFE) dropped on Wednesday November 26 following comments by China’s central bank that it is unlikely to further cut rates or introduce other easing measures until the release of fourth quarter data.
Nickel prices pared gains from earlier sessions on Wednesday November 26 after Colombian miners cancelled a planned strike at the Cerro Matoso deposit and LME inventories rose.
Copper prices on the London Metal Exchange fell slightly amid renewed concerns about demand, reversing earlier gains from the surprise cut in Chinese interest rates.
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