Ailing midstream markets keep base metals pressed

04.08.2022

Prices of base metals in London trended downwards on Wednesday, as looming economic concerns on weak factory data and signs of more interest rates hikes from U.S. Federal Reserve weighed on market sentiment.

Three-month copper on the London Metal Exchange declined 0.4% to $7,772 a tonne, as of 0441 GMT.

Hopes of...