Business
Copper price hits three-week low as inventories rise and dollar strengthens
Reported by Deepak Mishra (Copy Editor) · Economic Times - Markets ·
Representative image · Wikimedia CommonsCopper price hits three-week low as inventories rise and dollar strengthens. Copper prices fell to a three-week low below $14,000 a ton as rising LME inventories eased supply tightness and a stronger dollar pressured industrial metals. Copper has now dropped 6.2% from last week's record high, while uncertainty over US tariffs and tighter monetary policy further weighed on sentiment.
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