Copper Retreats as Disappointment Over Limited Chinese Fiscal Intervention Mounts

Friday saw the price of copper drop following disappointment over the support package announced by China to revive its economy. On the London Metal Exchange, three-month copper declined by 2.2% to reach $9,456 per metric ton. This came just a day after the red metal’s price rebounded by 3.4% the previous day.

China is a huge consumer of various metals, including…

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