November 6, 2024
Copper Prices Plunge to Lowest Since May Amid Trump’s Victory Strengthening the Dollar
Market Turmoil: Copper Prices Plummet Amid Trade Concerns Copper declined by as much as 4.3% during a widespread selloff on the London Metal Exchange, reflecting sharp losses in the Chinese yuan. The metal also dropped 4.6%, settling at $9,389 a tonne during early morning trading on the Comex in New York. [Click here for an interactive chart of copper prices] In addition to the immediate effects of a weaker currency in the world’s largest commodities market, traders are on alert for a potential drop in demand if Trump acts on his threats to escalate the US-China trade war. “This situation
