Thursday, 9 May 2019

Copper Prices Fell On Worries About Demand After U.S. President Donald Trump

Copper trading range for the day is 424.3-437.7.

Copper prices fell on worries about demand after U.S. President Donald Trump said he would raise tariffs on Chinese goods before U.S-China trade talks.

China’s imports of copper ore and concentrate rose 16.7% from a year ago to stand at 7.24 million mt for the first four months of 2019, according to data.

The world’s top copper miner posted the lowest production in more than a decade during the first quarter after heavy rains hit its operations and output declined.

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