Sumary of Base metals fall amid China COVID protests:
- Among other metals, LME aluminum slid 0. 9% to $2,342 a tonne, zinc dropped 1% to $2,890 a tonne and guide slipped 0. SHFE aluminum dropped 1. 4% to 18,630 yuan a tonne, zinc slipped 0. 5% to 23,480 yuan a tonne, tin shed 1. 8% to 181,050 yuan a tonne, and nickel was down 2. 9% at 193,100 yuan a tonne.
- The protests also led investors towards the safe-haven US dollar.
- A stronger greenback makes it more expensive for non-dollar holders to purchase dollar-priced commodities.