COPPER FALLS AFTER THE STATEMENT OF THE CHINESE AUTHORITIES
Copper is cheaper on Monday morning. Today the value of a pound of this metal fell by more than 1% to $4,005. Trading on Friday on the London stock Exchange also ended with a decline in prices for industrial metals. So, a ton of copper fell by the end of the trading day by 0.9% to $8926.5. The cost of a ton of aluminum and zinc decreased by 0.81% and 0.88% to $2,264 and $2,829, respectively. Earlier, Li Keqiang, who heads the State Council of China, said that it is necessary to strengthen regulation in the commodity market. This will help Chinese enterprises, which are in a difficult situation due to the rise in global commodity prices. In addition, experts note that the Chinese authorities may move to tighten the current policy in the budget and monetary sphere. Such a decision can be made against the backdrop of rising inflation. According to the latest statistics, consumer prices in the country rose by 0.4% in March, after falling by 0.2% in February. Producer prices showed a significant acceleration in the growth rate. In March, they rose by 4.4%. At the same time, in February, the growth was 1.7%.