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Copper slides to lowest since March 2021 on firm US dollar, slowdown fears
London copper prices tumbled on Wednesday to their lowest level since March 2021, dragged down by a robust U.S. dollar and weaker financial markets as fears over a global economic slowdown dented investor sentiment. Three-month copper on the London Metal Exchange slipped 3% to $8,725.50 a tonne by 0718 GMT, after falling to its lowest since March 5, 2021 at $8,691. The most-traded July copper contract in Shanghai ended daytime trading 1.6% lower to 67,060 yuan ($9,971.60) atonne. Caught in copper’s slipstream, LME aluminum fell 2% to $2,483.50 a tonne, zinc slipped 1.3% to $3,544, lead dipped 1% to $2,044.50, ... (full story)