Three Reasons Copper Prices Have Slid to a Four-Month Low
the London Metal Exchange fell 2.1% to $5,715 a metric ton on Tuesday. Copper prices have slumped to a four-month low, reflecting softening demand from China, the resolution of supply disruptions, and traders betting against the red metal.
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The copper price has fallen to its lowest level in four months, due to the easing of demand from China and the end of the supply disruptions. Traders have also bet against the red metal.
The London Metal Exchange's three-month copper contracts closed Friday at $8.275 per metric ton. This was their lowest settlement in over a year, and down more than 12 percent from the peak they reached late that month.
In recent months, physical supply and demand factors combined with financial flows have weighed on prices:
Copper Continuous Contract
HG00 (NYM)