China sets price guide for benchmark thermal coal to cool rally
The move comes as Beijing strives to balance the profits of coal miners and power generators after widespread electricity outages and runaway coal prices last year.
Copper prices had slid for a record 14 straight days in London amid mounting concerns the coronavirus will aggravate the slowdown in global economic growth.
Copper rebounds, but two new reports warn that coronavirus impact could be much greater than SARS: For one, China did not consume 50% of the world's copper in 2003.