a drop on the stock exchange.

Copper futures on the London Metal Exchange (LME) fell 0.7% in three-month contracts.

Three-month copper futures on the London Metal Exchange (LME) fell 0.7% to $10,008 per ton. On a weekly basis, the contract has risen 5.7% and is on track for its biggest gain since the week ending May 13.

The most actively traded November copper contract on the Shanghai Futures Exchange rose 1.7% to 78,700 yuan ($11,219.62) per ton. This contract marked its third consecutive weekly gain.

The LME has broken through the $10,000 resistance level driven by trading momentum fueled by news of China's stimulus measures, but the sustainability of the rally depends on whether high trading volumes can continue from now on, a trader said.

Beijing lowered interest rates and injected liquidity into banks this week, and is likely to issue more than $280 billion worth of special government bonds to boost economic growth, while more fiscal measures are expected to be announced soon.

However, China's industrial profits reversed course and fell sharply in August, the biggest drop this year, partly due to a lack of demand and underscoring the difficulties facing the Chinese economy.

LME aluminum rose 1% to $2,638 per ton, nickel increased 0.1% to $16,765, while zinc fell 0.7% to $3,078, lead declined 0.5% to $2,126, and tin dropped 1% to $32,120.

Aluminum prices on the SHFE rose 1.5% to 20,390 yuan/tonne, zinc prices increased 1.7% to 24,940 yuan, lead prices rose 1.5% to 16,915 yuan, nickel prices increased 0.1% to 128,530 yuan, while tin prices fell 0.2% to 255,600 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-9-giam-บน-san-giao-dich.html