Copper slipped in Asia, giving up gains in last session as market eyed soaring Covid-19 cases in Shanghai. The business hub reported the most virus infections since late May, as a doubling of cases fuels concerns Chinas financial hub may find itself back in lockdown in pursuit of Covid Zero. The city announced 54 local Covid infections for Wednesday, raising concerns that the virus could be quietly spreading in coming days. COMEX Copper futures also remained generally stressed about global recession worries and currently trade down 1% at $3.50 per pound. Powered by Commodity Insights
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