Copper slides to lowest since March 2021 on firm US dollar, slowdown fears
From financialpost.com
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, nickel ...
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