Bad attack of the metal fell increasingly fierce storms earth remediation

U.S. Senate Foreign Relations Committee passed a resolution on the 4th , President Obama authorized military action against Syria . Foreign Relations Committee for Obama established the 60-day time limit for military action , then fight is not yet complete , in consultation with the Congress extended by 30 days. Resolution would limit military action in Syria , and prohibit send ground troops to participate in combat operations , but allows in case of emergency dispatch small-scale rescue troops. Media generally agreed that the use of force resolution in the House than the Senate big resistance .

Copper fell due to concerns about the situation in Syria and the United States to reduce QE

Copper fell more than 1% Wednesday , the Fed will reduce the stimulus plan because the prospects and that investors consider the probability of rising U.S. attack Syria , they are cautious .

LME three-month copper fell 1.6 percent to $ 7,135.3 per tonne , after hitting intraday low of $ 7,087 .

Aluminum, lead , zinc and nickel hit a near one-month low total , tin prices are boosted by the Indonesian factors .

Aluminium closed at $ 1,791 per tonne , down 1.8 percent ;

Three-month lead closed at $ 2,136.5 per tonne , down 0.9 percent ;

Zinc closed at $ 1,873 a tonne , down 1.65% ;

Three-month nickel closed at $ 1,360 per ton , down 0.73% ;

Three-month tin closed at $ 21,835 per ton , rose 1.56%.

Wednesday London gold plummeted 1.46 percent , below the 1400 mark , to $ 1,391.8 , due to the strong U.S. auto sales in August , hopes to boost economic growth and lead to Western military strike against Syria worries eased.

Silver and platinum group metals prices follow other industrial metals lower. Platinum and palladium were recorded the largest single -day drop in more than two months .

Spot silver plunged 3.2 percent , at $ 23.5 per ounce for July 17 biggest one- day drop.

National Rare remediation storm lift

MIIT to "rare earth invoices " as a clue of the special investigation and action , will establish Rare black list , has affected the whole industry chain of 1,549 companies, including Baotou , Ganzhou , Guangdong and other rare-earth mineral mining , smelting separation of businesses, some of Shanghai , Beijing, trading companies are also the scope of the inspection .

The industry believes that this is just the beginning of rare earth thorough investigation of the storm , there will be greater efforts to follow-up , tighter campaign . The campaign if sustained, will support a certain rare earth prices .


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