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Copper slips to over one-week low on tariff, demand worries

From brecorder.com

Copper prices drifted to the lowest in more than a week on Wednesday as inventories climbed and investors worried about looming U.S. tariffs hitting demand. Three-month copper on the London Metal Exchange was down 0.6% at $9,739 per metric ton by 0945 GMT, having touched its weakest since July 18 at $9,720.50. Investors are staying on the sidelines as they await details about planned U.S. tariffs of 50% on copper and whether they will be imposed on August 1 as announced, analysts said. There was also uncertainty about a trade war between the U.S. and China, the world’s biggest metals consumer, after officials of the ... (full story)

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  • Category: Fundamental Analysis