Copper Heads for Weekly Decline as Chinese Demand Falters
- Greenback’s rally pressures commodities priced in the currency
- China copper importers reining in 2025 orders, opting for spot
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Copper headed for a seventh consecutive weekly fall, weighed by a weaker outlook for Chinese demand and a post-election dollar rally.
Futures on the London Metal Exchange have dropped almost 8% since Nov. 5. Concerns about demand recovery in China, the world’s top metals consumer, have led traders to look for clearer signs that the government will roll out more policies — such as infrastructure investment — that will boost commodities demand.