LME copper falls with muted risk appetite ahead of bumpy next week
From brecorder.com
Copper prices fell in London on Friday on muted risk appetite ahead of next week’s deadline for broad U.S. reciprocal tariffs, worsening prospects for global economic growth and easing stimulus to deliver copper to the U.S. ahead of possible tariffs. Benchmark three-month copper on the London Metal Exchange was down 0.5% at $9,799 a metric ton by 1110 GMT after hitting $9,739, its two-week low. The metal, used in power and construction, is so far up 12% this quarter, on track for its best quarterly growth in four years, prompting some to book profits. Uncertainty is high as U.S. President Donald Trump plans to ...
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