Copper came under renewed pressure in early Asia on Wednesday, tracking firm dollar overseas. However, recession concerns after a downward revision in global growth forecast by the International Monetary Fund weighed on the red metal. Meanwhile, new lockdown measures in China that could potentially affect demand for the commodity after resurgence in COVID cases in the country also added to concerns for copper. COMEX copper is currently quoting down 0.23% at $3.41 per pound. Powered by Commodity Insights
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