The recent slump in copper prices, amid an economic slowdown in China, was a reminder of the need to diversify the economy. LME copper prices have lost about 10 percent this year, trading at $6,565 per tonne.
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Australian retail sales rose more than expected in August Buz Traders Australian retail sales rose On a MoM basis, the seasonally adjusted retail sales recorded a rise of 0.40% in Australia, in August, more than market expectations for a rise of 0.20%. In the prior month, retail sales had recorded a flat reading. LME Copper prices declined 0.34% or $16.5/MT to $4775.0/MT. Aluminium prices rose 1.24% or $20.5/MT to $1670.5/MT. For the 24 hours to 23:00 GMT, the AUD declined 0.94% against the…
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