Industrial metals prices fell on Monday after Chinese regulators urged domestic commodity companies to maintain “normal market orders.” Global metal prices have been surging lately due to post-pandemic demand from major economies. China’s National Development and Reform Commission said in a statement that authorities held talks on Sunday with key domestic commodity companies and urged them not to drive up prices, which have climbed to multi-year highs. On Monday, the price for three-month copper on the London Metal Exchange fell to $9,853.50 a ton, while aluminum prices plunged 2.3% to $2,315 per ton and zinc dropped 1.2% to $2,935.50
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