Copper dropped to its lowest level in more than a week on Monday after weak Chinese economic data and a stronger dollar weighed on demand expectations. Benchmark prices on the London Metal Exchange fell 1.8% to $14,364 per metric ton.
Copper fell 1.8% to $14,364 per metric ton on the London Metal Exchange at 0913 GMT on Monday. Prices earlier touched $14,354, the lowest level since Sept. 17.
China's industrial profit growth slowed in August, as gains in technology manufacturing linked to the AI sector failed to offset weak domestic demand. China is the world's largest copper consumer.
A stronger dollar added to the pressure. Rising oil prices also contributed to the decline in copper prices.
Source: Investing.com
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