Reported about 1 year ago
Copper prices dropped to an eight-week low as China's economic data showed ongoing weaknesses in the market, leading to concerns about demand. Despite stronger retail sales in May, growth in industrial output, fixed-asset investment, and the housing sector slowed, prompting calls for more effective government intervention. This decline in copper prices follows a record high last month, with worries about global inventories and Chinese economic challenges contributing to the metal's retreat.
Source: YAHOO