Copper Slides to Three-Week Low on Fresh Jitters Over China
- Prices fall to levels seen prior to Beijing’s growth pledges
- Risk sentiment sours as Chinese markets see broad selloff
This article is for subscribers only.
Base metals joined a selloff across Chinese risk assets on doubts over how much impact the government’s pro-growth push will have on demand.
Copper, nickel and zinc all fell by more 1% on the London Metal Exchange as sentiment across China’s financial markets turned sour again. Copper is heading for its lowest close since late September, before Beijing unveiled a flurry of measures aimed at boosting the economy.