November 29, 2022

Copper retreats on renewed worries about China COVID curbs

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LONDON — Copper costs prolonged losses on Thursday, weighed down by a stronger greenback and demand issues after a flare up in COVID-19 circumstances in prime metals shopper China.

Three-month copper on the London Metallic Change dropped 2% to $8,125 a tonne by 1700 GMT, after easing 1% on Wednesday.

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U.S. Comex copper futures fell 2.3% to $3.69 a lb.

A leap in home COVID-19 circumstances renewed issues over extra lockdowns in China, sending its shares decrease on…

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