You are here: Home » Markets » News
Business Standard

Copper hits 9-month low amid trade tensions between US and China

Benchmark copper on the LME slipped 0.5 per cent to $6,456 per tonne

Reuters  |  London 

Copper fell to a fresh nine-month low on Wednesday ahead of the implementation of trade tariffs on goods from China and the United States which could dampen demand for the industrial metal. Benchmark copper on the LME slipped 0.5 per cent to $6,456 per tonne by 1051 GMT, its weakest since September 2017. “Trump (US President Donald) is not fostering global trade,” said Julius Baer analyst Carsten Menke. ALSO READ: Shutdown of Vedanta's Tuticorin copper plant to hit domestic production “There is scrutiny about the export side of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 05 2018. 00:13 IST
RECOMMENDED FOR YOU