Base Metals Preview: Copper Stays Lower On Recession Led Demand Concerns

27 Sep 2022 , 09:12 AM

Copper is seen extending downturn despite a relief from dollar rally on Tuesday as fears that rising interest rates will dent global economic activity have weighed heavily on copper prices this year continues to batter the commodity. Meanwhile, persistent rise in copper stocks to more than a month high also restricted gains in the red metal. Copper futures, however reversed some of the sharp losses of nearly 2% in the previous session and is currently quoting marginally lower at $3.29 per pound. Powered by Commodity Insights