A sell-off that has hammered the price of industrial metals continued yesterday as fears over slowing global growth and the trade spat between the US and China rattled commodity markets, “Finantial times” reports.
Lead, nickel and zinc tumbled as much as 5 per cent while copper crashed through $6,000 a tonne for the first time in a year as macro funds increased bearish bets and the US dollar strengthened, which makes commodities more expensive for holders of other currencies.