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Industrial Metal Prices Fall as Federal Reserve Interest Rate Outlook Is Assessed
Global industrial metal prices have declined, with copper falling by 0.7% to reach $13,499 per ton on the London Metal Exchange. This comes amid ongoing expectations that the Federal Reserve will keep interest rates high for a longer period, affecting demand and borrowing costs in the industrial sector. Although U.S. inflation has eased, reducing concerns about immediate rate hikes, regional geopolitical tensions have heightened worries about the trajectory of prices and their impact on global economic growth. Meanwhile, metal stockpiles have increased due to shipping flows, and there has been a slight stability in iron ore prices in the Singapore market.
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