Metals Catch a Chill as Beijing Shies Away From Major Stimulus
- China’s 2023 growth target of about 5% underwhelms markets
- Aluminum, copper traded on LME drop before trimming losses
This article is for subscribers only.
Commodities from copper to iron ore fell after China set a cautious economic growth target of about 5% for the year and didn’t announce any major new stimulus.
Copper dropped as much as 1.9% before trimming losses to 0.3% as China’s growth target fell below expectations.