Copper Slips Amid Ongoing Government Shutdown and Heightening Trade Tensions
Copper prices slipped as the week drew to an end as trade tensions between the United States and China went up a notch. The market was also dampened by the uncertainty resulting from the ongoing government shutdown in the U.S. Benchmark copper prices on the LME fell to $10,528, a 1.1% drop. Prices had been lifted to their highest level in 16 months after disruptions to major production mines raised concerns about supply. Those concerns about supply pushed prices to $11,000 per ton. As the government shutdown drags on into its third week, commodity markets are being impacted. An official…
