Commodities · Brief
Copper Slips as Hot US Inflation Lifts the Dollar
Copper fell 1.18% to $6.20 a pound after the US inflation report lifted the dollar.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Copper fell 1.18% to $6.20 a pound.
- Earlier this week the Yangshan copper premium in China hit a record $230 a tonne.
Trading Economics data show that copper fell to $6.20 a pound, as hotter than expected US inflation lifted the dollar.
Earlier in the week three-month copper on the LME rose 0.9% to $13,890 a tonne after its worst week since March, Mining.com reported.
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