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Copper slips on firmer dollar, supported by supply worries
LONDON: Copper prices edged lower on Wednesday, undermined by a stronger dollar, but losses were modest due to firm demand and concerns about possible mine disruptions. Benchmark three-month copper on the London Metal Exchange was down 0.1% at $14,405.50 a metric ton by 0950 GMT. LME copper has gained 16% so far this year, largely due to large flows of metals to the US ahead of possible tariffs on refined copper, creating shortages elsewhere. “There’s downside pressure from the strong dollar. An October rate hike (in the US) is really off the table, but the fact that there are still rate hikes...
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