Copper falls as rising COVID-19 cases in China stoke demand worries


Source: sharenet.co.za sharenet.co.za

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Copper falls as rising COVID-19 cases in China stoke demand worries (Updates prices, adds quotes) By Mai Nguyen HANOI, Jan 22 (Reuters) - Copper prices declined on Friday, hit by demand concerns over growing numbers of coronavirus cases in top user China ahead of the traditionally slow Lunar New Year holiday season next month. Three-month copper on the London Metal Exchange fell 0.6% to $7,976 a tonne by 0537 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange declined 0.7% to 58,780 yuan ($9,085.99) a tonne. "Copper prices struggled to move higher, with investors concerned that the...