China lockdown cracks down on non-ferrous base metals markets

25.04.2022

Copper and most other industrial metals stumbled on Friday on concern that rapid monetary tightening and Chinese COVID lockdowns will depress economic growth and metals demand.

Benchmark three-month copper on the London Metal Exchange (LME) shed 0.7% to $10,213 a tonne by 1015 GMT and was set for a third weekly decline.

"We...