Commodities
Metals Market Sees Broad Weakness Amid Lithium Contract Collapse
The metals market saw broad weakness on September 24, with base metals and ferrous metals falling. SHFE copper fell by 0.53%, while SHFE aluminum dropped 0.05%. Lead prices plummeted 0.95%, but zinc rose 0.17%.
Lithium carbonate contracts were hit particularly hard, dropping by 4.59%. Polysilicon futures and platinum-palladium also fell, with the most-traded polysilicon contract down 2.55% and the most-traded platinum futures contract plummeting 3.02%.
The US dollar index rose 0.02% to 101.15, while COMEX gold edged up 0.06%. However, SHFE silver fell 1.04%, with the most-traded SHFE silver contract dropping by 3.21%.