Copper prices weaken on worries over China and global slowdown

Copper prices weakened on Tuesday, pressured by investor disappointment that China failed to ease its strict COVID-19 policy and as a global economic downturn dampens metals demand.
 

Three-month copper on the London Metal Exchange (LME) fell 1% to $7,489 a tonne in official open-outcry trading.

Copper has given up 30% since touching a record peak in March but has largely held in a range between $7,200 and $8,000 since the end of August.
 

"The macro headwinds continue to mount. The markets have a lot to face over coming months and today the dollar is stronger, so that's an additional headwind," said