Metals finished lower… and we are mostly mixed right now in very quiet trading as markets are basically on Fed watch, INTL FCStone analyst Edward Meir said.
Meanwhile, Glencore-owned copper producer Katanga Mining has settled its legal dispute in the Democratic Republic of Congo with state-run miner Gécamines and has agreed to resolve the capital deficiency at their jointly owned operating subsidiary, Kamoto Copper Co.
Investors’ appetites were also dented following weaker-than-expected Chinese social financing growth data in May.
China’s total social financing growth, a broad measure of credit and liquidity in the economy, declined to 760.8 billion yuan ($118.75 billion) in May, less than half of the gain recorded in the preceding month. It was also the lowest reading in 22 months.
Aluminium, zinc, and tin price tick lower; lead price up
Currency moves and data releases