Non-ferrous base metals reverse earlier gains

22.07.2022

Copper slipped on Thursday ahead of an expected increase to interest rates by the European Central Bank, reminding investors of recession risk from aggressive moves to curb inflation.

Three-month copper on the London Metal Exchange (LME) lost 2% to $7,231 a tonne by 1000 GMT, erasing Wednesday's 1.4% gain.

Copper has shed 33%...