Copper slumps as trade conflict clouds global growth outlook – Commodities News
Posted on July 5, 2018 at 9:13 am GMTThe price of copper continues its freefall this week, falling to a nine-month low of $6,450 per tonne on the London Metal Exchange and to an 11-month low of $2.874 per pound on New York’s Comex. The popular base metal has been under pressure since trade tensions first started brewing in late February. Copper is considered to be a good indicator of global economic growth due to its wide use across the construction, industrial and technology sectors. The fall in [..]