Prices fall due to concerns about instability.

Copper futures for delivery in three months on the London Metal Exchange (LME) fell 0.4%.

Copper futures for delivery in three months on the London Metal Exchange (LME) fell 0.4% to $9,052.50 per ton.

LME copper has fallen 11% since hitting a four-month high on September 30, due to concerns about demand in top metal consumer China and a strong US dollar following Donald Trump's election victory in the US.

"The market is worried about quite a few things right now," said Nitesh Shah, commodity strategist at WisdomTree.

The metals market is also disappointed with the extent of stimulus China has launched so far to boost its sluggish economy .

"China has to make some policy decisions, you have geopolitical risks in Ukraine and there are proposed tax policies in the US and spillover effects on interest rate policy. That's pretty much the unknown, so that's why we could see a complex range of base metals trading before we have some answers," Shah said.

The US could impose tariffs of nearly 40% on imports from China early next year, potentially cutting growth in the world's second-largest economy by up to 1%.

The most actively traded December copper contract on the Shanghai Futures Exchange rose 0.1% to 74,440 yuan ($10,281.06) per ton.

Another factor putting pressure on the market is a stronger USD index, making metals priced in the greenback more expensive for buyers using other currencies.

Among other metals, LME aluminum prices fell 0.7% to $2,626 per ton, zinc prices fell 0.4% to $2,975, lead prices fell 1.5% to $1,991, tin prices fell 0.1% to $29,005, while nickel prices rose 0.7% to $16,010.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-22-11-truot-gia-do-lo-ngai-bat-on.html