Non-ferrous base metals take blow as recession keeps looming

26.09.2022

Copper prices slid on Friday to their lowest in nearly two months on a strong dollar and fears of recession-hit metals demand after further increases to interest rates.

Three-month copper on the London Metal Exchange (LME) had dropped 3.2% to $7,430 a tonne by 1000 GMT for its weakest since July 25.

"The...