Returning lockdowns, rebounding dollar pull basse metals down

31.10.2022

Copper drifted lower on Friday as bullish investors shed long positions while the dollar strengthened and top metals consumer China reported more coronavirus cases and renewed lockdowns.

Three-month copper on the London Metal Exchange (LME) declined 1.9% to $7,617 a tonne by 1025 GMT after touching the highest in nearly three...