Base Metals

11 June 2024
Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper 

Key points:  Most base metals fell on Tuesday due to a weaker Chinese yuan (CNY) and high physical inventories.  Copper fell 0.5% to $4.47 per pound.  High inventories and weak demand continued to pressure base metal prices.  Base metals experienced …

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