Copper weighed down by Chinese protests

Economies.com
2022-11-28 15:28PM UTC

Copper prices fell on Monday as the dollar stabilized against most major rivals, while China faces a stream of protests. 

 

Many protests erupted across Chinese cities as authorities impose new restrictions in Covid 19 hot spots. 

 

Health authorities reported tens of thousands of new infections in China, leading to renewed shutdowns in multiple cities including Shanghai. 

 

China is the world's largest importer and consumer of industrial metals and commodities, and due to restrictions, its economy is expected to suffer. 

 

The dollar index stabilized at 105.8, with a session high at 106.5, and a low at 105.3 as of 15:16 GMT.

 

Copper futures due in March fell 0.6% to $3.60 a pound as of 15:09 GMT.

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