Disappointing China economic data sparks industrial metals' sell-off

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

Industrial metal prices fell on Monday as worries about demand in China surfaced due to weak economic data and a firmer dollar, but interest rate cuts by the country's central bank provided some support.
 

Benchmark copper on the London Metal Exchange fell 2.7% to $7,870 a tonne in official rings, 4% below a six-week high of $8,214 hit on Friday.
 

"Chinese data was disappointing, suggesting a bigger hit than expected from COVID restrictions," a metals trader said, adding that a higher dollar had also triggered fund selling.
 

"But there is a positive - interest rate cuts from the PBOC (People's