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Metal Prices Surge, HK Rates Stable
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Base metal prices in London rose due to a weaker dollar, driven by increases in copper, aluminium, nickel, and tin. China plans to export copper to control price surges, while LME aluminium stocks hit a 24-year low. Meanwhile, the Hong Kong Monetary Authority aligns its key rate with the U.S. Federal Reserve's decision, citing stable financial markets and the pegged Hong Kong dollar.
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How does the stability of the Hong Kong dollar affect regional and international trade?
How might the export of copper by China impact global metal markets?
What factors could lead to a shift in the Hong Kong Monetary Authority's key rate in the future?
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