Industrial Metals Copper Prices Sliped on New Coronavirus Variant

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.