Copper slides China, Fed and COVID trigger sell-off


Source: brecorder.com brecorder.com

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[Markets] [Copper slides China, Fed and COVID trigger sell-off] - Benchmark copper on the London Metal Exchange was down 2.9% at $8,777 a tonne at 1058 GMT from an earlier $8,740 a tonne, the lowest since April 1 LONDON: Copper prices dropped on Thursday to their lowest in more than four months as China reining in growth, the U.S. central bank signposting its intention to reduce stimulus and rising COVID cases triggered a major sell-off. Benchmark copper on the London Metal Exchange was down 2.9% at $8,777 a tonne at 1058 GMT from an earlier $8,740 a tonne, the lowest...