Non-ferrous metals depreciate as demand remains tight

17.06.2022

Industrial metal prices fell on Thursday after the U.S. Federal Reserve hiked interest rates and weak economic data from top consumer China highlighted the deteriorating outlook for demand.

Benchmark copper on the London Metal Exchange was down 1% at $9,139 a tonne at 0940 GMT, while three-month aluminium fell 1.4% to $2,566.

"Metals demand...