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Copper markets dip on economic worries
The price of copper fell by 1.1% to $14,115.50 per ton, influenced by global economic concerns and a slowdown in demand due to expectations of sluggish economic growth resulting from tight monetary policies and high inflation. This decline followed nearly 4% gains in August, despite a previous supply shortage that supported prices and led to spot prices trading at a premium of over $100 above the three-month delivery contract price. Additionally, the price of zinc decreased by 2% to $3,846.50 after reaching a four-year high, amid economic tensions and rising inflation.
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