24 Hrs
Source:
المشهد العربي
Copper and zinc fall sharply at LME
On Wednesday, the prices of copper and zinc declined on the London Metal Exchange, driven by the rising value of the US dollar amid escalating military conflicts in the Middle East and increased concerns over inflation, which could prompt the Federal Reserve to raise interest rates. Copper futures fell to their lowest levels since August, around $14,092 per ton, while the dollar index increased by 0.15% to reach 99.78 points. Additionally, the prices of key metals dropped: copper decreased by 0.90% to $14,150 per ton, aluminum fell to $3,243, and zinc declined to $3,859.50, reflecting inflationary pressures and a stronger dollar.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)