Copper prices hover near 17-month low as slowdown fears mount
London copper prices hovered near a 17-month low on Monday, as soaring inflation and tepid factory data renewed fears of aggressive rate hikes and global economic slowdown, hitting demand for metals.
Three-month copper on the London Metal Exchange held its ground at $8,040 a tonne, as of 0227 GMT, after hitting its lowest since February 2021 at $7,955 on Friday.
