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Copper Sees Modest Losses, Germany May Face Industrial Shutdown

24 Jun 2022 , 12:53 PM

COMEX Copper futures are witnessing modest losses today as overall sentiments remain stressed on the advances made by Russia in Ukraine and worries over the state of affairs in Europe owing to the worries over the Russian gas supplies. Germany may face an industrial shutdown is Russian turns off gas supplies. This could throttle the demand for metal and hurt the overall economic outlook, as per comments from German economy minister Robert Habeck. The counter currently quotes at $3.72 per pound, down 0.31% on the day. Powered by Commodity Insights

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