Mining News

Rising recession fears push copper to 16-month low

Copper prices fell to a 16-month low on Thursday as fast-rising interest rates and weak economic data fanned fears of a global slowdown that would reduce demand for metals.

Benchmark copper on the London Metal Exchange (LME) was down 2% at $8,595 a tonne in official trading after touching its lowest since February 2021 at $8,552.

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