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Copper drifts as interest rate fears weigh on demand expectations
SINGAPORE: Copper floated lower on Thursday after the release of hotter-than-expected US economic data the previous day raised fears of higher-for-longer interest rates that could compress demand for the red metal. Benchmark three-month copper on the London Metal Exchange was down 0.22% at $14,586.5 a metric ton by 0317 GMT. The most-traded copper contract on the Shanghai Futures Exchange fell 0.52% to 110,750 yuan ($16,494.89) a ton. Interest rate expectations were boosted by economic datathat showed US business activity rose to a more than five-year high in September, putting pressure on cop...
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