Copper Retreats as Disappointment Over Limited Chinese Fiscal Intervention Mounts

November 12, 2024 10:05:00

Friday saw the price of copper drop following disappointment over the support package announced by China to revive its economy. On the London Metal Exchange, three-month copper declined by 2.2% to reach $9,456 per metric ton. This came just a day after the red metal’s price rebounded by 3.4% the previous day.

China is a huge consumer of various metals, including…

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