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London Copper Falls, Aluminum Rises
Metals markets experienced a decline in copper prices on the London Metal Exchange on Wednesday, amid market anticipation of the Federal Reserve's decision regarding interest rates. Copper futures fell by 0.50% to reach $13,620 per ton, while approved copper inventories increased to 101.9 thousand tons. Conversely, aluminum prices rose by 1.10%, closing at $3,182.5 per ton, with inventories dropping to their lowest level in 16 months at 245.3 thousand tons, supported by geopolitical tensions in the Middle East. The dollar index remained steady at 101.4 points, with market expectations of a 65% chance that the Fed will keep interest rates unchanged.
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