-
Copper prices slip on lingering global slowdown worries
Copper prices fell on Wednesday, as bets of big U.S. rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.6% at $9,306 a tonne, as of 0500 GMT, after hitting a more than one-week high of $9,434 on Tuesday. The most-active June copper contract on the Shanghai Futures Exchange edged 0.1% lower to 71,600 yuan ($10,606.31) a tonne by the midday break.“There is some selling pressure as China’s economic data has come on the ... (full story)