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Industrial Metals Copper Prices Sliped on New Coronavirus Variant

Published: Sunday, November 28, 2021 · 4:04 AM  |  Updated: Sunday, November 28, 2021 · 4:04 AM

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🗝️ Key Points

  • Industrial Metals Copper Prices: Prices of copper and other industrial metals fell on Friday over fears that a new and possibly vaccine-resistant coronavirus variant could.
  • Benchmark MCX copper on the London Metal Exchange (LME) shed 3.6% to $9,465 per tonne by 1710 GMT.
  • The metal, used to gauge global economic health, logged its second weekly decline.

Industrial Metals Copper Prices: Prices of copper and other industrial metals fell on Friday over fears that a new and possibly vaccine-resistant coronavirus variant could derail global economic growth and sap demand.

Benchmark MCX copper on the London Metal Exchange (LME) shed 3.6% to $9,465 per tonne by 1710 GMT. The metal, used to gauge global economic health, logged its second weekly decline.

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