slight increase on London Stock Exchange

Three-month copper on the London Metal Exchange (LME) edged up 0.1%.

Three-month copper on the London Metal Exchange (LME) edged up 0.1% to $9,245.50 a tonne, after posting a small gain in August, on rising prospects of a September rate cut.

The most-traded October copper contract on the Shanghai Futures Exchange (SHFE) fell 0.2% to 73,860 yuan ($10,417.49) a tonne.

The US dollar held on to gains made on Friday after upbeat spending data led markets to cut the chances of a Federal Reserve easing by half a point.

A strong US dollar makes buying commodities priced in the greenback more expensive and thus pushes down metal prices.

Copper stocks have fallen in recent weeks after falling prices encouraged buying, along with a traditionally good fall.

LME aluminium fell 0.1% to $2,445 a tonne, nickel fell 0.7% to $16,650, zinc fell 0.7% to $2,877, lead rose 0.5% to $2,063 and tin fell 0.9% to $32,055.

SHFE aluminum fell 0.5% to 19,650 yuan/tonne, lead rose 0.2% to 17,330 yuan, while nickel fell 2.7% to 127,960 yuan, zinc fell 0.9% to 23,815 yuan and tin fell to 260,290 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-3-9-tang-nhe-tren-san-luan-don.html