continued to fall due to concerns about demand

Three-month copper on the London Metal Exchange CMCU3 fell 0.6%.

Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.6% to $9,055 a tonne, while the most-traded September copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 edged down 0.1% to 74,040 yuan ($10,203.83) a tonne.

Last week, both contracts hit their lowest in more than three and a half months on concerns about China's demand outlook after slower-than-expected economic growth in the second quarter and a lack of stimulus from a key political meeting.

Market participants expect the rate cut to boost economic and manufacturing activities and support metal demand.

Copper prices are likely to be volatile in the coming weeks before recovering to $9,500 a tonne within three months and hitting $11,000 by early 2025, Citi Research said in a note.

LME lead CMPB3 rose 1% to $2,087.50 a tonne, zinc CMZN3 was little changed at $2,668, tin CMSN3 was steady at $29,575, nickel CMNI3 fell 0.5% to $15,710 and aluminium CMAL3 fell 0.9% to $2,267.50.

SHFE aluminum SAFcv1 remained unchanged at 19,195 yuan/t, nickel SNIcv1 rose 0.9% to 127,260 yuan, lead SPBcv1 fell 0.4% to 18,710 yuan, tin SSNcv1 rose 0.2% to 247,320 yuan, and zinc SZNcv1 rose 0.5% to 22,790 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-30-7-tiep-tuc-giam-do-lo-ngai-ve-nhu-cau.html