Iron prices are rising as a result of lowering in China and talking to America

Copper prices have fallen and iron ore rose strongly before lowering its profits, after China implemented prolonged interest rates to protect the largest mineral -consuming country in the world from the impact of US Customs duties. Industrial minerals have been negatively affected by the intense commercial policies announced by US President Donald Trump since he held office in January. Meanwhile, China has strengthened stimulus measures to support the second largest economy in the world facing the ongoing trade war. On Wednesday, the Chinese People’s Bank lowered the re -purchase price for seven days to 1.4% from 1.5%. The mandatory reserve rate will also reduce half a percentage. The announcement comes hours after China unveiled the first trade talks with US officials next week, as Trump imposed a 145% customs tariff on most Chinese goods. The Chinese interest is expected, Jia Cheng, head of trade in ‘Shanghai Soochow Jiuying Investment Management’: ‘Reducing interest rates and the mandatory reserve in China came under expectations and did not exceed it, and noted that investors in the metal sector preferred to sell profits. Investors are also focused on the expected interest rate decision on Wednesday by the US Federal Reserve, as traders expect monetary policymakers to keep interest unchanged. The price of copper fell 0.8% to $ 9461.50 per ton at the London Metal Stock Exchange at 10:52 p.m. in Shanghai, which finished for three days. Aluminum and zinc prices also fell 0.8% and 0.5% respectively. The pressure of customs definitions and slowdown in demand. Over the past few months, the prices of iron ore have been exposed to a significant decline as a result of the turmoil as a result of the customs definitions that negatively affected the general economic morale, while the demand for the product in China has slowed. The market is also preparing to experience a surplus problem in the offer, as analysts expect prices to drop to $ 80 a tonne by the end of the year. Future contracts in Singapore rose 0.5% to $ 98.05 per tonne, after rising 2.4% earlier.