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[$$] Commodities And Miners Rally Amid Optimism Following Xi-trump Truce

by posted 10months ago 37 views
The price of copper surged 2 per cent, while steel prices jumped 7 per cent in China. The relief rally follows a dismal year for most commodities, on fears that China’s economic growth will be hit by the trade fallout with the US. China is the largest consumer of almost all commodities, accounting for half the world’s production of steel and 70 per cent of global iron ore imports.

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