The buyer is the highest level in two weeks, powered by the drop of the dollar
Copper prices have risen by more than 1 %following the resumption of trading on the London Metal Stock Exchange for the first time since Thursday, as basic minerals have benefited from the recent fall in the value of the US dollar. The decline in the US dollar could be a catalyst for industrial commodities as it makes products cheaper for buyers dealing with other currencies. The Bloomberg index for the dollar fell to its lowest level in 15 months on Monday, which approved the second day of breaking the London Metal Stock Exchange due to a British holiday. The global mineral market varies the month of April has seen serious fluctuations in the metal market, powered by global merchandise raised by US President Donald Trump by imposing comprehensive customs duties on imports. Although these measures pose a threat to economic growth and weakening demand for minerals, the fall is in the value of the dollar and the support of prices. You may also be interested in: “City Group”: The price of buyer is a candidate to reach 10 thousand dollars before the imposition of customs duties. The price of buyer increased by 1.4% to reach 9,318 dollars per tonne before trading at 9:36 p.m., at 9298 dollars at 9:36 p.m. Aluminum and zinc prices have also risen by more than 1 %. At the Shanghai Futures Stock Exchange, buyer fell 0.5%, but it remained about 1.3% compared to Thursday closing.