Posted 10/6/2023, 4:06:00 PM
China's Slumping Property Market Drags Copper Prices to 4-Month Low, Sparking Global Economic Concerns
- China drives copper to 4-month low, raising global economic alarms
- Slumping property market undercuts demand for metal
- Workers at a copper smelting plant in Chile
- Price of the commodity has tumbled to a four-month low on sluggish Chinese demand
- Three-month futures on the London Metal Exchange dropped below $8,000 per tonne threshold on Tuesday for the first time since May
