LOADING...

Copper prices fall for 5th consecutive day

Business

Copper prices have slipped for the fifth day in a row, now sitting at $10,625 per ton after hitting a record high just last week.
This drop is part of a bigger global market selloff that's making investors more cautious and dimming investor appetite for commodities.
Other key metals like aluminum and zinc are also down, as the stronger dollar puts extra pressure on prices.

Factors influencing copper prices

Earlier optimism about a US-China trade deal and supply issues had pushed copper to new highs.
But lately, worries about stock market values and uncertainty over possible US interest rate cuts have shaken confidence.
With the dollar getting stronger, it's become even tougher for metal prices to hold up.