Copper futures continued to incur losses for the third straight day following latest COVID outbreaks in largest importer China that could hamper demand for the commodity. Among the latest outbreaks in China, Guangzhous is the largest, with new daily infections of COVID-19 topping 5,000 for the first time and fuelling speculation that localised lockdowns could widen. Adding to concerns, copper inventories began to rise after having fallen to an eight month low early this week, weighing down the red metal. COMEX copper is down more than half a percent at $3.79 per pound. Powered by Commodity Insights
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