Copper falls on concerns over China's measures to curb prices

2021-06-10 16:07:55 GMT (

Copper prices fell on Friday, as the US dollar rose against most majors, amid concerns about the Chinese government's measures to curb prices.


3-month copper futures in the London Metal Exchange fell 0.6% to $9,920 per ton.


The Chinese government renewed its pledge to impose measures to curb price increases on commodities such as copper, especially as prices inflation of local producers rose to more than a 12-year peak.


The dollar index rose against a basket of major currencies by 0.2% to 90.2 points as of 13:44 GMT, after hitting a high of 90.3 points and a low of 90.02 points.


Copper July futures fell 1.3% to $4.47 per pound as of 13:36 GMT, after hitting a high of $4.53 and a low of $4.44.

More News

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.