Economy
Copper Prices Drop to Seven-Week Low Amid Market Apprehensions
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THE BRIEF
1
Copper prices on the London Metal Exchange fell 2.2% to $14,036 per metric ton on Tuesday, reaching their lowest level since September 14.
2
Comex copper decreased by 2.5% to settle at $6.4020 a pound as traders reviewed artificial intelligence spending trends and Middle East diplomacy hopes.
3
A stronger US dollar and rising bond yields weighed on dollar-priced base metals alongside a decline in tin prices.