Base metals under pressure from China’s COVID flare-ups, firmer dollar

13.10.2022

Most base metal prices slid on Wednesday amid a strengthening U.S. dollar, while COVID-19 flare-ups in China — the world’s biggest metal consumer — added to demand woes on top of looming economic concerns.

Three-month copper on the London Metal Exchange was down 0.9% at $7,525 a tonne, as of 0446...