Copper heads for largest monthly loss since May

Copper futures fell on Friday, to continue sliding, amid growing fears of the coronavirus outbreak in China, on the cusp of the worst monthly loss since May by about 9%.

Yesterday, the World Health Organization declared the coronavirus in China a public health emergency.

Which will force most countries around the world to cooperate in containing the virus with political and financial measures.

China revealed today that the number of infected cases of the coronavirus rose to more than ten thousand, and its death toll rose to more than 200 victims, and spread to the US in addition to European and Asian countries.

Copper futures (March delivery) were lower by 0.85% to trade at $2.50 a pound as of 15:14 GMT, after hitting today's high at $2.56 and the low at $2.50.