Aluminum, Copper Decline as Rate Cut Doubts Cloud Demand Outlook

Aluminum and copper declined along with broader markets as investors awaited delayed US economic data to assess fading expectations of a Federal Reserve interest rate cut next month.

Industrial metals were caught up in a global shunning of riskier assets ahead of key events this week, including Thursday’s pivotal US jobs report that should influence the Fed’s next move. Several policymakers have cautioned against a further reduction in rates for now, hurting the demand outlook for commodities.