LONDON: Copper prices slumped to their lowest in more than four months on Wednesday on concerns about global growth after bond yields surged on views that interest rates need to stay high to dampen inflation.

Three-month copper on the London Metal Exchange (LME) was down 0.7% at $7,952 a metric ton by 1615 GMT after dropping to $7,880, its lowest since May 25.

Comments

Comments are closed.