Copper’s second quarter performance was the worst in more than a decade, but the start of Q3 saw no let up in the bloodletting. A rebound in manufacturing in China, which consumes more than half the world’s industrial metals, was not enough to offset weakness in the copper market after data released on Friday showed inflation in the eurozone jumping to a record high. Copper for delivery in September fell over 4% from Thursday’s settlement, touching a low of $3.55 per pound ($7,834 per tonne) in morning trade on the Comex market in New York, the lowest since February 2021. The most-traded August copper contract in ... (full story)