Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump

28 February 2024

Copper prices fell again on Wednesday, influenced by a combination of a strengthening dollar and ongoing challenges within China’s real estate market, which is a significant consumer of industrial metals. The price of three-month copper on the London Metal Exchange decreased by 0.4% to $8,439 per metric ton by mid-morning, reversing a brief recovery from consecutive losses earlier in the week.

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