Base Metals Preview: Copper Stays Under Pressure

3 Oct 2022 , 09:02 AM

Copper prices continue to stay under pressure as weakening prospects of industrial trends in the world concern the commodity. A survey by the Bank of Japan showed major manufacturers in the country grew less optimistic about their business prospects in the third quarter. Meanwhile, copper inventories continue to pile up near two and half month high, showing dwindling demand for the red metal. COMEX copper is currently quoting down 0.18% at $3.38 per pound. Powered by Commodity Insights