Metals Trading in Shanghai Goes Quiet on China Covid Caution
- Trading volumes in copper, aluminum and zinc in Shanghai slide
- Lockdowns spread to China’s industrial heartland of Tangshan
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Metals trading on the Shanghai futures market has started to go quiet, with investors growing cautious as China battles to control the spread of Covid-19 in its industrial heartland.
Trading volumes in copper, aluminum and zinc on the Shanghai Futures Exchange all fell to the lowest level since Feb. 7, while turnover in nickel also dropped below average.